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

Google announces $15 billion investment in Malaysia

The investment will fund new data centres, support more than 37,000 jobs annually during construction and strengthen Malaysia’s position as a regional AI and technology hub….reports Asian Lite News Desk Google has

Hasina return speculation grows as Dhaka stays silent

A fresh passport application by former Bangladesh Prime Minister Sheikh Hasina has triggered renewed political and diplomatic debate over her possible return…reports Asian Lite News Desk Bangladesh’s newly appointed Foreign Secretary Salahuddin

Ukraine Talks Head to UAE

Russia, Ukraine and the US are preparing for fresh trilateral talks in Abu Dhabi on November 10 and 11, as diplomatic efforts to end the war gather pace….reports Asian Lite News Desk

AI bubble fears grow as Gita Gopinath flags risks

Former IMF chief economist Gita Gopinath has warned that the global AI investment boom could face a significant correction as companies struggle to justify soaring valuations and massive spending….reports Asian Lite News
Go toTop

Don't Miss

Turkish Flag Lights Up Qutub Minar on Republic Day Anniversary

Qutub Minar, the iconic UNESCO World Heritage Site in New

MBS meets Erdogan in Turkey

Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud visited