UK and Turkey Initiate Talks for Post-Brexit Free Trade Agreement Focusing on Service Sector

Thursday, 14 March 2024, 12:19

The UK and Turkey have recently initiated talks for a post-Brexit free trade agreement with a focus on the service sector. The discussions offer tremendous opportunities for British businesses to expand their reach into one of the fastest-growing economies within the OECD group. Trade relations between the UK and Turkey reached £26bn in 2022, highlighting the significant potential for enhanced economic collaboration between the two nations.
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UK and Turkey Initiate Talks for Post-Brexit Free Trade Agreement Focusing on Service Sector

Summary:

The UK and Turkey have commenced discussions regarding a post-Brexit free trade agreement, with a particular emphasis on the service sector. The potential opportunities for British businesses within the Turkish economy are significant, driven by the country's status as one of the fastest-growing economies in the OECD.

Talks Overview:

  • The UK and Turkey have initiated trade talks targeting the service sector
  • Opportunities lie in exporting to Turkey, a rapidly growing economy
  • Bilateral trade between UK and Turkey amounted to £26bn in 2022

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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