UK hopes to sign comprehensive agreement with Turkey

The UK hopes to sign a comprehensive agreement with Turkey to ensure a bright future for bilateral trade relations and joint investments. The statement came from UK Ambassador to Ankara Dominick Chilcott, MEM reports.

The British diplomat lauded the December 29 free trade agreement signed between his country and Turkey, and which Turkish President Recep Tayyip Erdogan called the most important trade deal signed by Ankara since the 1995 agreement with the European Union (EU).

The agreement guarantees the maintenance of existing trade relations and the increase of trade, as well as the lifting of export taxes between the two countries. The UK is Turkey’s second largest trading partner after Germany.

Chilcott explained that Turkey and Germany have roughly the same demographic density. If the UK and Turkey sign a larger and more comprehensive free trade agreement, we can talk about a bright future for trade and investment between the two countries, he added.

Britain wants to find countries that are geographically close and can produce European standard products at a relatively low cost, Turkey has all these advantages, and the UK can provide for most of its needs in Turkey, Dominick Chilcott said.