Quantifying the impact of EU accession
European University Institute
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Towards accession negotiations: Turkey's domestic and foreign policy challenges ahead
With accession to the EU, Turkey will complete the harmonisation of technical regulations, achieve progress in privatization of its public enterprises, liberalize entry/exit into various sectors of the economy, impose hard budget constraints on all public and private enterprises, adopt the CAP, liberalize its trade with the EU in services, and will be part of the European single market. Furthermore joining the EU will require Turkey to adopt and implement the whole body of EU legislation and standards—the Acquis Communautaire. According to the EU membership criteria, new members must be able to demonstrate the ‘ability to take on the obligations of membership including adherence to the aims of political, economic and monetary union.’ Thus Turkey will be expected to adopt the euro when it will be ready to do so, but not immediately upon accession.