Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 21/04/2021 14:45 
15.01.2021 12:12 News >> 'Turkey's Trade Volume With UK Set To Rise'

'Turkey's Trade Volume With UK Set To Rise'

Development in Turkey's technology sector will ensure Turkey UK trade volume will expand, British business leader says.

Turkey's high growth potential and technological development along with the recently signed free trade agreement will assure the increase of trade volume between the two countries, the chairman of the British Chamber of Commerce in Turkey (BCCT) said.
"We see the development of the technology sector in Turkey. Turkey is making rapid progress to become a key player in the sector," Chris Gaunt told Anadolu Agency.
Turkey and the UK on Dec. 30, 2020, signed a historic free trade agreement due to the ending of the Brexit transition period. The agreement, which covers trade worth more than £18 billion ($24.3 billion), has been in force since the first day of 2021.
British voters had decided in a 2016 referendum to leave the European Union after more than 40 years of membership.
With the transition period ending, freedom of movement between the UK and the EU member states also ended as of the new year.
The UK also reached agreements with 62 countries – and the EU, before the transition period was completed on the last day of 2020.
More sectors can be added
Pointing out the benefits of the agreement between Turkey and the UK, Gaunt said: "We now have a sustainable solid platform on which to develop our trade relationship going forward. it is a very comprehensive deal."
Stressing Turkey's need for foreign investments, Chris Gaunt noted there would not be any shortage of the UK companies that would be prepared to make those investments, particularly now that the two countries have a free trade deal.
"I also think that there should be the reforms mentioned before by Turkey's President Recep Tayyip Erdogan. There is quite a positive atmosphere now and that positivity will continue."
We see an opportunity to work with and invest in Turkish companies that are increasing their capability in tech areas, he added.
Gaunt also underlined this is a continuity agreement adding that it allows enhancing the trading relationship between the UK and Turkey, whereby more sectors can be added -- sectors that previously couldn't be engaged. -



        Latest News
Planned European Super League Looks On Edge Of Collapse 6 minutes ago...
Breakaway league faltering badly days after being announced, with 8 of 12 clubs in league now pulling out.
EU Employment Rate Down In 2020 21 minutes ago...
Employment rate for ages 20 64 declines to 72.4%, down 0.7 percentage points on annual basis, says Eurostat.
7 FETO Terror Suspects Nabbed In Central Turkey 21 minutes ago...
Terror group orchestrated defeated coup of July 15, 2016.
Istanbul Airport Set To Become Busiest Hub In Europe 36 minutes ago...
Turkey's new mega airport will have capacity to process 200M passengers in a few years, according to aviation expert.
Gunmen Abduct University Students In Northern Nigeria 36 minutes ago...
Incident is 1st major attack that bandits launch on communities around Kaduna Abuja since 300 female soldiers were deployed.

 
      Top News
Philippines Eyes Tie-Up With Turkey To Modernize Navy Philippines Eyes Tie-Up With Turkey To Modernize Navy
UN Experts Want 'Evidence Of Life' Of Emirati Princess UN Experts Want 'Evidence Of Life' Of Emirati Princess
UK To Scrap 'Ludicrous' Brexit Border Curbs: Premier UK To Scrap 'Ludicrous' Brexit Border Curbs: Premier
'Over 120 Wounded In DR Congo Protests, Violence' 'Over 120 Wounded In DR Congo Protests, Violence'
Turkey Sends 40,000 More Vaccine Doses To North Cyprus Turkey Sends 40,000 More Vaccine Doses To North Cyprus
Anadolu Agency's Morning Briefing – April 20, 2021 Anadolu Agency's Morning Briefing – April 20, 2021
UK: Ex-Foreign Office Minister Slams Pro-Israel Lobby UK: Ex-Foreign Office Minister Slams Pro-Israel Lobby
Turkish Charity Extends Helping Hand To South Sudanese Turkish Charity Extends Helping Hand To South Sudanese
US Revokes License Of Belarus Firms For Rights Abuses US Revokes License Of Belarus Firms For Rights Abuses
Turco-Greek Relations After Cavusoglu-Dendias Meeting Turco-Greek Relations After Cavusoglu-Dendias Meeting