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Wednesday, November 09, 2005

EU grants Turkey market economy status, concerned at pace of reforms - Forbes.com

"AFX News Limited
EU grants Turkey market economy status, concerned at pace of reforms
11.09.2005, 08:25 AM

BRUSSELS (AFX) - The European Commission has granted Turkey 'market economy status' provided it keeps up the pace of reforms, in a symbolic boost for Ankara a month after it started EU entry talks.

'Turkey can be regarded as a functioning market economy, as long as it firmly maintains its recent stabilisation and reform achievements,' the EU's executive arm said in an annual report on the country's progress toward joining the bloc."

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