U.K. to hold comprehensive trade agreement talks with Turkey in 2022

August 31, 2021 Ahval News 0 Comments

Turkey and the United Kingdom will start ne­go­ti­a­tions for a more com­pre­hen­sive trade agreement next year, U.K Minister of Exports Graham Stuart said on Thursday, in a bid to expand ar­eas for stronger bi­lat­eral com­mer­cial co­op­er­a­tion.

“Both the Turk­ish gov­ern­ment and we be­lieve that there is great po­ten­tial to de­velop new ar­eas to strengthen com­mer­cial co­op­er­a­tion,” state-run Anadolu news agency cited Stu­art as saying. “That’s why we will be ne­go­ti­at­ing a more com­pre­hen­sive FTA next year.”

In December 2020, the U.K. signed it’s first trade agreement with Turkey. The free trade agreement signed between the two nations is a historic FTA, which went into effect on January 1st of this year and covers industrial and agricultural goods.

The U.K. is Turkey’s second-biggest export market after Germany but the EU customs union with Turkey meant the FTA could not be finalised until a Brexit deal was in place. Read More.

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