Posted on Dec 27, 2020
Britain and Turkey are set to sign a free trade deal on Tuesday, trade minister Liz Truss said on Sunday, just days after Prime Minister Boris Johnson secured a new trade agreement with the EU, Reuters reports.
The two nations will sign a deal that replicates the existing trading terms between Ankara and London, but Truss said that she was hopeful a bespoke deal between the countries could be struck soon.
The deal we expect to sign this week locks in tariff-free trading arrangements and will help support our trading relationship. It will provide certainty for thousands of jobs across the UK in the manufacturing, automotive and steel industries. We now look forward to working with Turkey towards an ambitious tailor-made UK-Turkey trade agreement in the near future.
Trade between the two was worth £18.6 billion in 2019, and Britain said it was the fifth biggest trade deal the ministry had negotiated after agreements with Japan, Canada, Switzerland and Norway.
Britain has now signed trade agreements with 62 countries ahead of the end of the Brexit transition period on January 1st.
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