Turkey and Britain signed a free trade agreement today, Tuesday, days before Britain’s official exit from the European Union, to maintain the current flow of goods.
The trade ministers of both countries signed the agreement during a televised conference. Turkish Trade Minister Rohsar Bakcan said that it will enter into force on January 1, 2021, which guarantees a rapid transition after the end of an existing agreement by the end of the year.
Britain’s Commerce Department said on Sunday that the agreement would replace existing terms of trade. The volume of trade relations between the two countries reached 18.6 billion pounds (25.25 billion dollars) in 2019.