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

India-UAE Trade Ties in Focus

India and the UAE have discussed expanding bilateral trade, investment and business partnerships amid broader economic cooperation…reports Asian Lite News Desk India and the United Arab Emirates (UAE) discussed ways to further

India’s Diversity Gives Global Edge

British Indian businessman Karan Bilimoria has highlighted India’s diversity and demography as major strengths in the global economy…reports Asian Lite News Desk India’s diversity, demographic strength and expanding creative economy give the

Jaishankar to Visit Ghana

Jaishankar to visit Ghana to deepen ties in pharmaceuticals, agriculture…Asian Lite News Desk External Affairs Minister S Jaishankar will visit Ghana from October 6 to 7 at the invitation of Ghanaian Foreign

India-EU FTA expected by year-end

India and the European Union are hopeful of signing their proposed free trade agreement by the end of 2026. The pact could come into force next year…reports Asian Lite News Desk The

Modi, Swiss President hold talks in New Delhi

Prime Minister Narendra Modi and Swiss President Guy Parmelin held bilateral talks in New Delhi on Monday during Parmelin’s three-day State visit…reports Asian Lite News Desk Prime Minister Narendra Modi met Swiss
Go toTop

Don't Miss

Turkey relocates its embassy back to Kabul

Turkey officials informed that the country will not assist operations

Erdogan, Putin Discuss Palestinian-Israeli Tensions

Erdogan pledged to continue every effort to ensure calm in