You are here : World News – Russian opinion» Economy» ‘We’re simply getting began’: British govt trumpets signing of Turkey commerce deal days earlier than UK leaves EU single market
‘We’re simply getting began’: British govt trumpets signing of Turkey commerce deal days earlier than UK leaves EU single market
The UK and Turkey have agreed on an prolonged free commerce deal to underpin their present partnership, days earlier than Britain stops buying and selling in line with guidelines beneath the European Union.
The settlement covers enterprise price greater than £18.6 billion ($ 25.25 billion) in 2019, and was introduced after a video name between Britain’s worldwide commerce secretary, Liz Truss, and Turkey’s minister for commerce, Ruhsar Pekcan.
“We’re simply getting began,” Truss stated in a tweet on Tuesday, as she celebrated the UK’s flurry of post-Brexit offers with 62 international locations and the EU, which she stated amounted to £885 billion ($ 1.193 trillion) price of commerce.
“That is unprecedented, with no different nation ever negotiating so many commerce offers concurrently,” a spokesperson for the Division for Worldwide Commerce (DIT) claimed.
Additionally on rt.com
2020 has been a 12 months of traditional Boris Johnson buffoonery. Right here’s what his bluster actually meant
The Turkey deal covers “preferential tariffs” for some 7,600 British companies that exported items to the nation final 12 months, a sizeable chunk of which had been equipment, iron, and metal, in line with the DIT assertion.
It additionally contains protections for the motion of automotive elements between the UK and Turkey, together with for automaker Ford, which depends on the provision chain for its Transit vary of automobiles.
The cope with Turkey is among the UK’s largest after Switzerland, Japan, Canada, Iceland, and Norway, and it follows different current commerce agreements, together with with Mexico on December 15.
Additionally on rt.com
EU chief Brexit negotiator Barnier desires to serve France in subsequent position, describes himself as a ‘patriot’
On Christmas Eve, the UK reached an 11th-hour commerce cope with its largest buying and selling associate, the EU, simply seven days earlier than the December 31 transition interval deadline, when it leaves the 27-nation bloc’s single market and customs union.
EU bosses will signal the deal in Brussels on Wednesday, earlier than an RAF airplane flies it to London, the place will probably be inked by UK Prime Minister Boris Johnson.
UK MPs might be recalled to Parliament on Wednesday to vote on the deal.
