(1 year, 3 months ago)
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The Minister for International Trade (Nigel Huddleston)
The United Kingdom and the Republic of Türkiye are significant and close trading partners. We have a bilateral trading relationship that is going from strength to strength, worth £23.5 billion in 2022, up more than 30% from the previous year. The Government intend to build upon this success and are today confirming their intention to begin talks towards an enhanced free trade agreement.
The current agreement was signed in December 2020, and is based on the EU’s trade agreement with Türkiye. It predominantly covers industrial goods and has provided continuity to businesses and safeguarded supply chains since our departure from the European Union.
A review clause in the current agreement committed the UK and Türkiye to review the trade relationship. That review began ahead of schedule last year and has now been completed, with both the UK and Türkiye concluding that there is value to our economies in broadening and deepening the trade relationship. The UK and Türkiye will today hold an officials-level Joint Committee, responsible for overseeing implementation of the current agreement and any other matter under the agreement to formally conclude the review and move towards renegotiation of the free trade agreement. The UK expects to launch a call for input in the autumn and, following consultation, we expect to start renegotiations next year.
An improved agreement with Türkiye is a key part of the UK’s strategy to secure advanced modern agreements with international partners and upgrade existing continuity agreements. The Government are clear that any deal with Türkiye should be in the best interests of the British people and the UK economy. We will not compromise on our high environmental and labour protections, public health, animal welfare and food standards, and we will maintain our right to regulate in the public interest. We are also clear that during these negotiations, the NHS, and the services it provides are not on the table. This is an opportunity to work towards an agreement that is fit for the 21st century and suited to the modern UK economy.
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