The UK and Turkey agree to start talks on a new, modernised free trade deal.
- UK and Turkey announce intention to start talks on a new, modernised free trade agreement.
- New deal set to replace an existing outdated UK-Turkey deal which only covers goods.
- Deal designed to boost an already thriving trade relationship, worth £23.5 billion in 2022.
The UK and Turkey have today [18 July] announced plans to begin talks on an updated free trade agreement (FTA).
The deal would replace the existing UK-Turkey FTA, which was rolled over from when the UK left the European Union and doesn’t cover key areas of the UK economy like services, digital and data. The UK is the second biggest services exporter in the world – behind only the US, and the services sector contributes around 80% of the UK’s GDP.
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