Turkey–United Kingdom Free Trade Agreement
Proposed free trade agreement between Turkey and the United Kingdom From Wikipedia, the free encyclopedia
The Turkey–United Kingdom free trade agreement (TUKFTA) is a proposed free trade agreement which began negotiations on 14 March 2024.[1] The trade agreement will be the third FTA to cover Turkey–UK trade, and will supersede the Turkey–UK Trade Continuity Agreement, extending the deal to cover services and digital trade.[2]
Turkey United Kingdom | |
| Type | Free trade agreement |
|---|---|
| Context | Trade agreement between Turkey and the United Kingdom |
| Negotiators |
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| Parties | |
| Language | |
History
From 31 December 1995 until 30 December 2020, trade between Turkey and the United Kingdom was governed by the European Union–Turkey Customs Union, while the UK was a member of the European Union.[3] Following the withdrawal of the United Kingdom from the European Union, the UK and Turkey signed a continuity trade agreement on 29 December 2020, based on the EU free trade agreement; the agreement entered into force on 1 January 2021.[4][5]
Negotiations
On 18 July 2023, Turkey and the United Kingdom announced their intentions start talks on a modernised free trade agreement; the agreement will supersede the goods-only Turkey–United Kingdom Trade Continuity agreement.[6] The UK opened up a trade consultation from 2 November 2023 and close on the 5 January 2024.[7][8] Trade negotiations formally opened on 14 March 2024.[1][2] The practical negotiations are scheduled for after the UK general election on 4 July.[9]
See also
References
External links
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