Type | Free trade agreement |
---|---|
Context | Trade agreement between Turkey and the United Kingdom |
Negotiators | |
Parties | |
Language |
The TurkeyâUnited 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 TurkeyâUK trade, and will supersede the TurkeyâUK Trade Continuity Agreement, extending the deal to cover services and digital trade. [2]
From 31 December 1995 until 30 December 2020, trade between Turkey and the United Kingdom was governed by the European UnionâTurkey 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]
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 TurkeyâUnited 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]
Media related to Relations of Turkey and the United Kingdom at Wikimedia Commons
Type | Free trade agreement |
---|---|
Context | Trade agreement between Turkey and the United Kingdom |
Negotiators | |
Parties | |
Language |
The TurkeyâUnited 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 TurkeyâUK trade, and will supersede the TurkeyâUK Trade Continuity Agreement, extending the deal to cover services and digital trade. [2]
From 31 December 1995 until 30 December 2020, trade between Turkey and the United Kingdom was governed by the European UnionâTurkey 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]
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 TurkeyâUnited 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]
Media related to Relations of Turkey and the United Kingdom at Wikimedia Commons