Turkey's entry into the EU would provide benefits to both parties. For the EU, Turkey offers a huge potential market of 80 million people and a young, qualified workforce. Turkey would gain access to Europe's large market, improve its quality of living, and receive funds for infrastructure development. However, Turkey must meet the EU's criteria, including resolving issues related to Cyprus and Kurdish rights. Negotiations have been ongoing since 1963, and both sides could benefit from Turkey's full membership, but alternatives like a preferential trade agreement are also possibilities.