Existing deal, signed after Brexit, does not cover key areas like services, digital, says UK’s Department for Business and Trade
Turkiye and the UK have agreed to hold talks on a new and modernized free trade agreement (FTA), the British government announced on Tuesday.
The existing FTA, which the two countries signed after the UK left the EU, does not cover key areas such as services, digital, and data,the UK’s Department for Business and Trade revealed.
It added that the new deal was expected to boost bilateral trade and help British firms maximize opportunities.
The announcement came after phone calls between the UK’s Business and Trade Secretary Kemi Badenoch and Turkish Trade Minister Omer Bolat last week.
The UK-Turkiye Joint Committee will gather in the Turkish capital Ankara later on Tuesday to discuss the matter.
Badenoch said in a statement that Turkiye is an important trading partner of the UK.
Turkiye presents “huge opportunities for British businesses, with UK companies already exporting to its growing market of 85 million people,” he added.
Britain’s Ambassador to Turkiye Jill Morris revealed a video message on Tuesday that a new strengthened and modern FTA would enhance the bilateral trading relationship.
“I am looking forward to further collaboration and discussions in our bilateral partnership to boost prosperity in both UK and Turkiye,” she added.