Britain and Turkey are set to sign a free trade deal on Tuesday, the UK trade ministry said on Sunday, the first since Prime Minister Boris Johnson secured a new trade agreement with the European Union.
The two nations will sign a deal that replicates the existing trading terms between Ankara and London, but British trade minister Liz Truss said that she was hopeful a bespoke deal between the countries could be struck soon.
“We now look forward to working with Turkey towards an ambitious tailor-made UK-Turkey trade agreement in the near future.”
The two nations have finalised the text of a “continuity agreement” that replicates the existing trading terms between Ankara — which has a customs union agreement with Brussels — and London.
Britain has now signed trade agreements with 62 countries ahead of the end of the Brexit transition period on Jan. 1, when it leaves the EU’s trading arrangements.
It clinched its narrow trade deal with the EU, its biggest trading partner, last week.
The document is expected to be signed this week by representatives from each side in a video call. An exchange of diplomatic notes will then allow the deal to come into force even though there is not enough time for it to be ratified by the two countries’ parliaments before the UK leaves the EU single market on December 31.