June 24, 2022
1 min read

Turkey, Britain to upgrade free trade deal

Britain recently lifted all restrictions on arms exports to Turkey as the two governments deepened dialogue after the Ukrainian crisis…reports Asian Lite News

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.

ALSO READ-Turkey, Israel start work to appoint ambassadors

Previous Story

Choose a pet-friendly vacation spot

Next Story

Southwest Monsoon to cover entire India by July 6

Previous Story

Choose a pet-friendly vacation spot

Next Story

Southwest Monsoon to cover entire India by July 6

Latest from -Top News

From Drug Hub to Enforcer? Taliban Blames Neighbours

The Taliban says narcotics production is rising in neighbouring countries as Afghanistan pushes for a regional crackdown…reports Asian Lite News Desk Afghanistan’s Taliban authorities have accused neighbouring countries of expanding narcotics cultivation

China Wants Chips, EU Holds the Cards

As Beijing eyes advanced lithography machines from Europe, EU closes ranks against coercive Chinese ways…writes Dr Sakariya Kareem With members of the European Union closing ranks to combat unethical trade practices by

Sheikh Hasina Alleges Human Rights Abuses Under BNP Rule

Bangladesh’s former prime minister alleges mass arrests, torture and political repression under the ruling BNP government….reports Asian Lite News Desk Bangladesh’s former Prime Minister Sheikh Hasina has alleged that the country is
Go toTop

Don't Miss

Israel Withdraws Diplomatic Personnel from Turkey Amid Escalating Conflict

The Israeli National Security Council issued a travel advisory on

Britain makes £30 mn investment in exoplanet mission

Scientific data will be released to the scientific community and