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2010 ilerleme raporu - Avrupa Birliği Bakanlığı

2010 ilerleme raporu - Avrupa Birliği Bakanlığı

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finances. But the earmarked funds of €500 million were underutilised, as only seven SMEs<br />

had received credit guarantee support by 31 March <strong>2010</strong>. The large informal sector which is<br />

fuelled by weaknesses in tax and expenditure policies, as well as in law enforcement, remains<br />

an important challenge. Turkey therefore adopted a comprehensive action plan to combat the<br />

informal economy in 2009. Overall, the crisis slowed down or even reversed structural shifts<br />

in economic activity. In spite of new initiatives by the Turkish government, the crisis has<br />

complicated access to finance for SMEs.<br />

State influence on competitiveness<br />

There has been no tangible progress in the field of state aid. As transparency in the decisionmaking<br />

process remains low, it is still difficult to judge the rationale and consistency of the<br />

individual decisions taken. In addition, the scale of state aid and its importance in some key<br />

sectors are likely to have increased substantially following the introduction of the various<br />

fiscal stimulus packages. Adoption of the commercial code has again been postponed. The<br />

absence of transparent monitoring of state aid and of supporting policies to reduce distortion<br />

continued to have an adverse effect on competition and competitiveness in the economy.<br />

Public procurement policies continued to be undermined by exceptions to the regulatory<br />

framework. Overall, state intervention continued to be untransparent, which might have had a<br />

negative effect on competition and competitiveness.<br />

Economic integration with the EU<br />

The openness of the Turkish economy, as measured by the total value of exports of goods and<br />

services as a percentage of GDP, decreased to about 47.5% of GDP by the end of 2009, from<br />

52.2% in 2008, largely in line with the crisis-led contraction in world trade. The EU’s share of<br />

Turkey’s total trade increased from 41.4% in 2008 to 42.6% in 2009. Its share in Turkey’s<br />

exports decreased from 48% in 2008 to 46% in 2009. While the EU’s share of Turkey’s trade<br />

varies slightly from year to year, depending on numerous factors, including commodity price<br />

trends and exchange rate movements, its decline in Turkey’s exports is likely to be the result<br />

of relatively more subdued demand in the EU. Simultaneously, Turkey was somehow able to<br />

diversify its exports towards other regions. The share of exports to African and Middle East<br />

countries in Turkey’s total exports increased from 10% in 2008 to over 20% in 2009. FDI<br />

inflows to Turkey from EU Member States remained very significant, growing from 75% of<br />

the total in 2008 to 80% in 2009, thus illustrating the strong economic interdependence<br />

between the EU and Turkey. Overall, trade and economic integration with the EU remained<br />

high. Turkey was able to diversify part of its trade towards new markets, thereby partly<br />

alleviating the impact of the crisis.<br />

Incipient nominal exchange rate appreciation pressures were observed in the first half of<br />

<strong>2010</strong>. In the year to July <strong>2010</strong>, the exchange rate for the lira appreciated by 5% in nominal<br />

terms against a basket of 50% US dollar and 50% euro. In real effective terms, corrected for<br />

both producer and consumer price developments, the lira strengthened by 8%. Overall,<br />

standard indicators suggest that Turkey’s export competitiveness has stopped improving.<br />

4. ABILITY TO ASSUME THE OBLIGATIONS OF MEMBERSHIP<br />

This section examines Turkey's ability to assume the obligations of membership – that is, the<br />

acquis as expressed in the Treaties, the secondary legislation and the policies of the Union. It<br />

also analyses Turkey's administrative capacity to implement the acquis. The analysis is<br />

structured in accordance with the list of 33 acquis chapters. In each sector, the Commission's<br />

EN 44 EN

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