UK, Turkey to Ink Free Trade Deal Tuesday

Britain and Turkey will sign a free trade agreement tomorrow, Tuesday, the UK trade ministry revealed, according to Reuters.

It is considered the first of its kind since British Prime Minister (PM) Boris Johnson reached a new trade agreement with the European Union (EU).

The agreement will include the same trade terms currently in place between Ankara and London, but the British Trade Minister Liz Truss said she hopes for a bespoke deal between the two countries at an early date.

"The agreement that we expect to conclude this week will preserve the duty-free trade arrangements and help support our commercial partnership," Truss said in a statement.

Moreover, she added that the agreement will give confidence to thousands of workers in Britain in the manufacturing, auto, and steel sectors.

She continued, “We now look forward to working with Turkey towards an ambitious tailor-made UK-Turkey trade agreement in the near future.”

It is worth mentioning that, the volume of trade exchange between the two countries reached 18.6 EGP billion (25.25 billion dollars) in 2019.