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British minister heads to Türkiye ahead of start of trade talks

05 January 2024 15:59

Britain's trade minister Kemi Badenoch will meet her Turkish counterpart Omer Bolat during a trip to Istanbul on Friday to discuss closer ties, ahead of the expected launch of negotiations on a new free trade deal later this year.

Both Britain and Türkiye have agreed there is room to broaden the scope of their current free trade agreement, which was rolled over when Britain left the European Union, Reuters reports.

"I'm delighted to be in Türkiye ahead of talks to upgrade our existing trade deal to make it fit for the 21st century," Badenoch said in a statement, noting Britain's services sector in particular could benefit from any new agreement.

"Türkiye presents huge opportunities for UK businesses... I'm excited to start discussions on ensuring our new trading relationship with Türkiye unlocks those opportunities."

Britain is in advanced talks with India on a new free trade deal, and its trade ministry said it wished to progress talks on services-focused trade deals with Switzerland, Mexico and South Korea as well as Türkiye in 2024.

During the trip, Badenoch will also visit Turkish Airlines, which is set to buy 220 Airbus (AIR.PA) jets in a contract the British government called one of the UK's biggest export deals to date, due to the Airbus and Rolls-Royce (RR.L) parts made in the country.

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