UK and Turkey sign trade deal
The UK and Turkey have locked in tariff-free trading arrangements, which will support our trading relationship worth £18.6 billion in 2019, and committed to working towards a more ambitious trade agreement in the future.
From:
29 December 2020
The UK and Turkey secure trade agreement in major win for UK automotive, manufacturing and steel industries.
Today’s deal supports a trading partnership worth £18.6 billion last year.
The agreement lays the groundwork for a more ambitious UK Turkey trade relationship in the future.
The UK-Turkey Free Trade Agreement was signed today as International Trade Secretary Liz Truss and Turkey’s Minister for Trade, Ruhsar Pekcan, met on a video call.
The Government said both sides are committed to working towards a more ambitious free trade agreement .
The deal was signed during a video call on Tuesday between International Trade Secretary Liz Truss and Turkey s trade minister Ruhsar Pekcan. Today s deal covers trade worth more than £18 billion, delivers vital certainty for business and supports thousands of jobs across the UK in the manufacturing, automotive and steel industries, Ms Truss said. It paves the way for a new, more ambitious deal with Turkey in the near future, and is part of our plan to put the UK at the centre of a network of modern agreements with dynamic economies.
The Government has signed a deal which will allow British businesses to continue trading with Turkey on the same terms after Brexit.
The deal between Ankara and London will roll over the benefits UK and Turkish businesses had while trading with each other when the UK was still part of the European Union.
The tariff-free arrangements underpin a trading relationship which the Government said was worth £18.6 billion last year.
The Government said both sides are “committed to working towards a more ambitious free trade agreement”.
The deal was signed during a video call on Tuesday between International Trade Secretary Liz Truss and Turkey’s trade minister Rushar Pekcan.
Department for International Trade
UK and Turkey sign trade deal
The UK and Turkey have locked in tariff-free trading arrangements, which will support our trading relationship worth £18.6 billion in 2019, and committed to working towards a more ambitious trade agreement in the future.
The UK and Turkey secure trade agreement in major win for UK automotive, manufacturing and steel industries.
Today’s deal supports a trading partnership worth £18.6 billion last year.
The agreement lays the groundwork for a more ambitious UK Turkey trade relationship in the future.
The UK-Turkey Free Trade Agreement was signed today as International Trade Secretary Liz Truss and Turkey’s Minister for Trade, Ruhsar Pekcan, met on a video call.