Britain and Turkey secure continued tariff-free trade deal worth $25B
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A general view of vehicles at a Ford Motor Company dealership close to the Ford plant in Dagenham, east London, Britain. File Photo by Will Oliver/EPA-EFE
Dec. 29 (UPI) Britain and Turkey signed a trade deal Tuesday to continue tariff-free trading that was worth $25 billion last year.
British International Secretary Liz Truss and and Turkey s Minister for Trade Ruhsar Pekcan secured the agreement while meeting on a video call Tuesday, a British government statement said.
Advertisement Today s deal covers trade worth more than 18 billion pounds [$25 billion], delivers vital certainty for business and supports thousands of jobs across the UK [Britain] in the manufacturing, automotive and steel industries, Truss said.
Britanya ve Türkiye arasında bu hafta serbest ticaret anlaşması imzalanacak
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A representational image of Britain s flag. (AP Photo/Kirsty Wigglesworth)
The UK is seeking to forge closer trade links with Pacific Rim nations and Southeast Asia as part of its efforts to diversify economic partners post-Brexit.
As the Brexit transition period nears its end on December 31, 2020, the UK is redoubling its efforts to negotiate roll over trade agreements to replace those the EU bloc had negotiated or strike new deals to avoid disruptions to commerce from January 1.
The UK and Vietnam said on Friday that they had finalized a bilateral free trade agreement, a day after London inked a similar pact with Singapore.