200 Turkish Firms Recently İnvested İn Uk: Ambassador

Nearly 200 Turkish companies have invested in the U.K. in the recent years, according to the British Ambassador to Turkey Friday.



Richard Moore's remarks came at the 7th UK-Turkey Business Forum in Istanbul held by the Turkish-British Chamber of Commerce and Industry, Turkish Prime Ministry's Investment Support and Promotion Agency and Foreign Economic Relations Board.



Moore praised the friendly relations between the two countries, saying the U.K government regarded Turkey highly positive in terms of trade volume and investments.



Noting the 70 percent increase in the mutual trade volume since 2010, Moore said the goal was to further boost commercial relations, and that Turkey would be the third largest export market for the U.K. post the country's departure from the EU.



U.K. Prime Minister Theresa May has said her country would trigger Article 50 of the Lisbon Treaty, the formal mechanism for exiting the EU, by the end of March 2017.



However, the U.K's Supreme Court later decided that a final parliamentary vote is needed to practice full sovereignty over the Brexit deal which will be finalized through negotiations with the EU. The Supreme Court is due to hear an appeal on Dec. 7, with a ruling to follow in the first weeks of 2017.



The Brexit decision came as a result of a June 23 referendum when 52 percent of eligible voters said they no longer wanted to be part of the 28-member bloc. Immigration was cited as one of the main reasons behind the Leave vote. -