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Thursday, April 20, 2006

Financial Mirror-Turkey could seek international arbitration over customs union

"Turkey could seek international arbitration over customs union

20/04/2006
www.financialmirror.com

Turkey could attempt to send its obligation to extend the EU customs union to Cyprus as well as other new EU member states to international arbitration, in an effort to prevent a clash with the EU in the autumn.

In September/October the European Commission will give its first opinion on Turkey’s progress in accession talks. The main clash will be over its non-extension of the customs union to Cyprus.

Although Turkey signed the Ankara protocol to extend the customs union last year, it has been unwilling to implement it unless trade restrictions on Turkish Cypriots are lifted."

More:Financial Mirror