Turkey is “very close” to signing a free trade agreement with the UK covering manufactured goods, agriculture and services, Turkey’s foreign minister has said.
Mevlut Cavusoglu told the Financial Times that in principle there were no differences over the deal, but added that some technical issues needed to be finalised.
“It’s going very well and we are very close to finalising it,” said Mr Cavusoglu, who was in London where he met Boris Johnson, UK prime minister, and his foreign secretary Dominic Raab. “If you look at the volume of our bilateral trade, 95 per cent of it is industrial products, and we agreed on that . . . and 5 per cent is agriculture and services.”
The UK is Turkey’s second-largest trade partner after Germany, and securing an FTA with Britain is deemed critical for Turkish manufacturers, particularly carmakers, textile factories and white goods producers. Total UK-Turkish trade hit