To avoid any types of trade disruptions, Turkey and the United Kingdom have undergone a free trade deal that will come into the effect this Friday, Jan. 1.
"This is a true day for Turkish-UK relations," Trade Minister Ruhsar Pekcan told in a speech to the virtual signing ceremony based in the Turkish capital Ankara.
The milestone agreement is expected to boost trade between Turkey and the UK in the coming future. Ruhsar Pekcan further explained that it will play a crucial role in eliminating vulnerability in the trade structure between these two nations.
“We are executing this initial step towards further boosting our ties while maintaining 25-year achievements from the Customs Union”. Said Pekcan while citing Turkey's 1995 Customs Union with the EU, which Britain is parting its ways from this week. She added, “With the new executed arrangement, Turkey and the UK are pleased to meet business people's expectations and to keep our promises.”
Read more: https://www.emeriobanque.com/news/turkey-initiated-free-trade-deal-with-uk
