The Agricultural Credit Cooperatives of Turkey Serbia which was Ottoman territory at the time), with the establishment of “Homeland Funds” (“Memleket Sandıkları”) in 1863 and it gained pace with the foundation of the Republic of Turkey as new laws on cooperatives were enacted. The ACC with its modern nomenclature and structure was established based on law number 2836 which was passed in 1935. The ACC’s foundation was supported by the first president of the Republic of Turkey Kemal Atatürk who was also the first member of the cooperative in Silifke – Tekir Çiftliği. Due to the enforcement of law number 1581 on Agricultural Credit Cooperatives and
Multi-party period of the Republic of Turkey effective, if not harmonious, bringing about much-needed economic reform, instituting human rights legislation, and bringing Turkey ever closer to the European Union (EU). A series of economic shocks led to new elections in 2002, bringing into power the religiously conservative Justice and Development Party (AKP) of former mayor of Istanbul, Recep Tayyip Erdoğan. The Erdoğan government started negotiations with the EU on October 3, 2005. The AKP again won the 2007 elections, which followed the controversial August 2007 presidential election, during which AKP member Abdullah Gül was elected President at the third round. Recent developments in Iraq (explained under positions