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The Turkey–United Kingdom free trade agreement (TUKFTA) is a proposed free trade agreement which began negotiations on 14 March 2024. [1] The trade agreement will be the third FTA to cover Turkey–UK trade, and will supersede the Turkey–UK Trade Continuity Agreement, extending the deal to cover services and digital trade.
This page lists the free trade agreements signed by Turkey. [1] In 1995, Turkey signed a customs union with the European Union for goods, excluding agricultural products and services. As of 2018, EU has been Turkey's main trade partner with 50% of its exports and 36% of its imports. [2] Turkey – European Union Customs Union (EUCU)
The customs union increased both imports and exports in Turkey, [3] as well as its GDP per capita. [4] Turkey's membership of the customs union is recognised as having played a significant part in its economy's transition from agrarian to industrial.
Turkey exports around 8% of its total goods to the United Kingdom. [31] Annually, around 2.5 million Britons take holidays in Turkey, [ 32 ] while 100,000 Turks travel to the UK for business or pleasure.
As of 2016, the main trading partners of Turkey are the European Union, Russia, the United Kingdom, the UAE, Iraq, and China, many being top in both export as well as import. [144] Turkey has taken advantage of a customs union with the EU , signed in 1995, to increase industrial production for exports, while benefiting from EU-origin foreign ...
Map of countries by exports, 2023. The following article lists different countries and territories by their exports according to data from the World Bank. Included are merchandise exports and service exports. Merchandise exports are goods that are produced in one country and sold to another country. Service exports refer to the cross-border ...
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The European Commission Directorate-General for Trade lists the 10 largest trading partners of the European Union (EU) with their total trade (sum of imports and exports) in billions of euros for 2020 and 2021. With the United Kingdom’s withdrawal from the EU, the United Kingdom entered the top 10 partners of the EU-27.