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Türkiye trade deal is good news for UK says Davies Turner

[ March 14, 2024   //   ]

Davies Turner has welcomed a commitment by the UK and Türkiye (Turkey) to negotiate a new Free Trade Agreement.

A tariff-free arrangement with the EU, which had signed a customs union with Türkiye, was rolled over after Brexit but this covered only trade in good, not areas such as services, digital and data.

Davies Turner director Alan Williams said that a new broader deal could boost trade and help UK companies maximise opportunities in this area.

Davies Turner operates multiple daily two-way overland and multimodal trailer services between the UK and Türkiye in a long-standing partnership with Istanbul-based Ekol Logistics, one of the country’s largest freight and warehousing operators.

Williams adds: “There is no doubt that the tariff-free trading agreement signed in 2020, along with the problems in long distance supply chains, have increasingly prompted traders to turn to Türkiye as an alternative source of supply to Asia.”

This was a major factor in the increase in trading volumes between the two countries over the last two years, he argued.

He concluded: “An enhanced free trade agreement with Türkiye that includes the services and digital sector should open up even more trade and investment opportunities, and assist with the development of strong bilateral relations. Moves that help develop a frictionless trade environment will bring benefits to companies like ours that provide freight and logistics services, which underpin that trade.”

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