Commons Sense

House of Commons · Written Ministerial Statement

Turkey Trade Negotiations Update

14 March 2024 · Department for Business and Trade

Proposed by Kemi Badenoch Con North West Essex

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The UK and Turkey have launched negotiations for a new, upgraded free trade agreement.
  • The Department for Business and Trade has published strategic information on the negotiations.
  • Objectives include reducing barriers in key sectors such as services and digital trade.

Issue summary

This statement discusses the launch of negotiations for a new, upgraded free trade agreement between the UK and Turkey.

Action requested

The Department for Business and Trade has published strategic information on these negotiations, including objectives, consultation summaries, and economic assessments. The goal is to upgrade the existing outdated continuity agreement by reducing barriers in key sectors such as services and digital trade.

Key facts

  • Negotiations launched on Thursday 14 March 2024.
  • Total UK-Turkey trade was £26 billion in goods and services in 2022.
  • Existing agreement provides tariff-free access for 98.8% of UK goods exports to Turkey (2021).
  • Around 8,000 businesses from the UK exported goods to Turkey in 2022; 6,800 were SMEs.
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