. .
The free trade agreement signed by Turkey and the UK on Tuesday will ease the two countries’ bilateral trade target of $ 20 billion, a top official said, Anadolu reports.
After the Brexit deal, the UK signed the free trade agreement with Turkey, shortly after one with the EU, a gesture that shows the strength of their trade ties. Osman Okyay, head of the Turkish-British Economic Council of the Foreign Economic Relations Board, told Anadolu Agency.
If the deal is delayed, Turkey’s trade volume with the UK could suffer, he added.
Okyay said Turkey cannot be part of the EU-UK free trade agreement, which requires an immediate update of the customs union.
Turkey and Great Britain signed a historic free trade agreement on Tuesday that is due to come into force in January. 1.
Without the agreement, around 75% of Turkish exports to the UK would be subject to duty, which would result in losses of around USD 2. 4 billion. But the deal removes that risk.
This website is protected by reCAPTCHA and the Google privacy policy and terms of use apply.
United Kingdom, Turkey, trade agreement, European Union, Brexit, Liz Truss
World news – AU – Free trade agreement eases trade target between Turkey and Great Britain of 20 billion. USD
. . Related title :
– Free trade agreement eases Turkey’s British trade target of 20 billion. USD
– Turkey, UK signs free trade agreement
– Great Britain and Turkey sign free trade agreement
– Great Britain signs continuity agreement with Turkey for almost 20 billion. Get GBP in trade
– & # 39; Global Britain& # 39; Trade ambitions face high hurdles
– Vietnam, UK signs free trade agreement with effect from Dec.. . 31
– Newly signed free trade agreement to bring Turkey-Great Britain closer together
– Turkey, UK sign extend free trade agreement
– Great Britain and Turkey sign trade agreement
– Turkey, Great Britain signs free trade agreement
Ref: https://www.middleeastmonitor.com
