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The UK Turkey Free Trade Agreement Text: What You Need to Know

On December 29, 2020, the United Kingdom and Turkey signed the historic UK Turkey Free Trade Agreement (FTA), which will govern the trade relationship between the two countries after Brexit. The agreement came into effect on January 1, 2021, following the end of the Brexit transition period.

The UK Turkey FTA aims to maintain and strengthen the existing trade relationship between the UK and Turkey, which has been worth around £18 billion per year in recent years. It will eliminate tariffs on 95% of goods traded between the two countries, including agricultural products such as wheat, barley, and potatoes, and reduce barriers to trade in services such as communications, construction, and tourism.

The text of the UK Turkey FTA is divided into 23 chapters, covering a wide range of issues related to trade, including:

-Trade in goods: This chapter outlines the rules for the elimination of tariffs on goods traded between the UK and Turkey, as well as rules of origin, customs procedures, and trade remedies.

-Trade in services: This chapter outlines the rules for the liberalization of trade in services between the UK and Turkey, including provisions for the temporary entry of businesspeople, recognition of professional qualifications, and mutual recognition of conformity assessment.

-Investment: This chapter outlines the rules for the protection of investments in the UK and Turkey, including provisions for non-discrimination, expropriation, and investor-state dispute settlement.

-Intellectual property: This chapter outlines the rules for the protection and enforcement of intellectual property rights in the UK and Turkey, including patents, trademarks, and copyrights.

-Competition and state aid: This chapter outlines the rules for ensuring fair competition between businesses in the UK and Turkey, and for regulating state aid that may distort trade between the two countries.

-Sustainable development: This chapter outlines the rules for promoting sustainable development in the UK and Turkey, including provisions for labor and environmental standards.

The UK Turkey FTA also includes chapters on technical barriers to trade, sanitary and phytosanitary measures, customs and trade facilitation, and other issues related to trade between the two countries. It is a comprehensive agreement that reflects the shared commitment of the UK and Turkey to maintain and strengthen their trade relationship in the years ahead.

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