Turkey has been vying for entrance into the EU, and will remain doing so until they meet the standards that the multinational organization has put forth. Creating a strong democracy is one of the most weighing elements regarding acceptance. Though democracy can be applied in many different manners, the EU is looking for a Western democracy, which is generally associated with a strong economy and free trade.
Turkey is stepping up to the plate and is considering signing a Free Trade Agreement with India. This would expand their trading power from their current 2.7 billion (US) dollar allowance to 10 billion. Since India has a growing economy as well, selecting it as a partner could only help. Right?
That depends on how the EU views India as a trading partner. One of the motivating factors for India participating in this potential agreement is to gain access with more of the nations within the EU. It is irrefutable that India’s economy is growing, however, is it growing in the Western manner that the EU is looking for in a trade partner?
1 response so far ↓
jd // March 26, 2008 at 9:13 pm
Very interesting post. Well done!