Turkey and the UK are “very close” to signing a free trade agreement for the post-Brexit era, according to Turkish Foreign Minister Mevlut Cavusoglu.
An article by the Financial Times quoted Cavusoglu as saying negotiations between the two countries on a trade deal covering manufactured goods, agriculture, and services are “going very well and we are close to finalizing it,” Anadolu Agency reported.
Cavusoglu visited London on Wednesday to hold talks with Prime Minister Boris Johnson and Foreign Secretary Dominic Raab.
“If you look at the volume of our bilateral trade, 95% of it is industrial products, and we agreed on that . . . and 5% is agriculture and services,” Cavusoglu said.
Turkey and the UK have been holding trade talks which gained speed after Britain’s exit from the EU on Dec. 31, 2019, and the UK is getting ready to sign trade deals with a few third countries straight after the exit transition period, which is unlikely to be extended beyond the end of this year.