2 August 2020

Free Trade With UK is Ok

While Britain is preparing to officially leave the EU at the end of the year; After Brexit moves were made to accelerate the bilateral economic relations with Turkey.

It was stated that the representatives of the two countries, who came together for the 9th time recently, discussed the technical dimension of the Free Trade Agreement, and it was learned that the agreement will be signed by the end of this year. With the official implementation of the FTA, trade between the two countries will not be interrupted after Brexit. Critical agreement for increasing the annual trade volume between the two countries to 20 billion dollars; It will provide significant advantages for the automobile, textile, white goods and electronics industry. annual bilateral trade volume between Turkey and England 16-18 billion dollars. We sell $ 11 billion worth of goods and services to the UK. 95 percent of the trade volume of the two countries is industrial products and 5 percent is agricultural products. Foreign Minister Mevlüt Çavuşoğlu,