Trade Agreement with Turkey

As of January 1st, 2021, the United Kingdom officially entered into a trade agreement with Turkey. This new partnership between the two countries aims to increase economic growth and trade opportunities for both nations, while also solidifying relationships and promoting more stability in the region.

The agreement encompasses a range of industries, including agriculture, manufacturing, and services. As a result, businesses from both countries will enjoy greater access to each other`s markets, allowing for greater trading opportunities and potential for growth.

One of the key benefits of this new trade agreement is the elimination of tariffs on 95% of goods traded between the UK and Turkey. This will make it more affordable for businesses to import and export goods between the two countries, creating a more seamless trading relationship.

In addition, the trade agreement includes provisions on regulatory cooperation and intellectual property rights, ensuring that businesses from both countries are protected and have a fair playing field to operate on.

This trade agreement represents a significant milestone for both the UK and Turkey, as it will create more economic opportunities for businesses and strengthen the relationship between the two nations. It also serves as a testament to the importance of international trade and cooperation, especially during times of economic uncertainty.

Whether you are a business owner looking to expand your reach into new markets, or an individual interested in the global economy, this new trade agreement is something to keep an eye on. With its wide-ranging benefits and potential for growth, it is sure to have a positive impact on both the UK and Turkey for years to come.