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EU to extend 290 mln Euro financial support to Turkey's projects

22 July 2011 [10:20] - TODAY.AZ
The European Union (EU) will extend 290 million Euro financial support to Turkey's agricultural and rural development projects, Turkey's EU Ministry said on Thursday.

A ministry statement said that the EU would allocate 290.5 million Euro financial aid to Turkey within the framework of Instrument for Pre-Accession Assistance (IPA) funds of the European Commission for all candidate states.

IPA offers assistance to countries engaged in the accession process to the EU for the period 2007-2013.

The aim of the IPA is therefore to enhance the efficiency and coherence of aid by means of a single framework in order to strengthen institutional capacity, cross-border cooperation, economic and social development and rural development.

Pre-accession assistance supports the stabilisation and association process of candidate countries and potential candidate countries while respecting their specific features and the processes in which they are engaged.

According to the ministry, the assistance will be used to finance projects of agricultural producers in 20 provinces.

Then, the project will include 22 more provinces.

The financial assistance will be used to restructure agricultural facilities, process agricultural and fishery products, diversify and improve rural economic activities.


/World Bulletin/
URL: http://www.today.az/news/regions/91095.html

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