Turkey, UK To Upgrade Free Trade Deal To Boost Economic Tie...| MENAFN.COM

Sunday, 26 June 2022 02:36 GMT

Turkey, UK To Upgrade Free Trade Deal To Boost Economic Ties: Turkish FM


Ankara, June 24 (IANS) Turkey and Britain are working to upgrade their free trade agreement as a means to boost bilateral economic ties, said Turkish Foreign Minister Mevlut Cavusoglu.

The two countries are 'working to expand the scope of the free trade agreement. We have started work on the issue,' Cavusoglu told a joint press conference on Thursday with his British counterpart Liz Truss in the capital Ankara, referring to a free trade agreement signed in December 2020.

Britain was the third largest destination of Turkish exports in 2021, following Germany and the US, he added, calling Britain 'a strategic partner'.

For her part, the British Foreign Secretary said the two countries, both NATO members, should have better relations, hailing Turkey's efforts to open a maritime corridor to export grains from Ukraine.

Noting the urgency of the grain crisis, Truss added that the problem will have devastating consequences if not solved within the next month.

Britain recently lifted all restrictions on arms exports to Turkey as the two governments deepened dialogue after the Ukrainian crisis.

Britain previously suspended defence exports to Turkey after the Turkish army launched a military operation in northern Syria against the Syrian Kurdish People's Protection Units (YPG) in 2019.

Turkey sees the YPG group as the Syrian branch of the outlawed Kurdistan Workers' Party (PKK).

British Defence Secretary Ben Wallace also visited Turkey on Thursday to promote cooperation in the defence industry, according to the Turkish Foreign Minister.




Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.