New UK Government to Restart Trade Talks with Key Partners Including Turkiye
The UK’s new government is gearing up to resume trade negotiations with Turkiye and other partners. The UK Department for International Trade announced that the first discussions, slated for this fall, will involve Turkiye, Israel, South Korea, and Switzerland. In addition to Turkiye, the UK will continue its free trade agreement (FTA) negotiations with India and Gulf Cooperation Council (GCC) countries.
Prime Minister Keir Starmer, who has made economic growth a central goal of his administration, is leading this initiative. The Labour Party, under Starmer’s leadership, won the election on July 4th after a 14-year hiatus, during which trade agreement negotiations were paused.
In an official statement, the government emphasized, “Resuming these discussions is the first step towards securing high-quality trade deals that provide UK businesses with access to international markets, boost employment, and drive economic growth.”
Turkiye Among the First for Trade Talks
The UK Department for International Trade revealed that the initial fall meetings will include Turkiye, Israel, South Korea, and Switzerland. Currently, the UK has free trade agreements with these four countries, established post-Brexit under the same conditions as those negotiated during its EU membership. The previous UK governments had already been negotiating updates to these agreements.
Source: Dunya.com / Prepared by Irem Yildiz