The United Kingdom and the Republic of Türkiye have a significant and close trading partnership. Both countries are determined to build upon this success and have announced their intention to commence talks for a comprehensive and updated Free Trade Agreement.

The existing trade agreement, which was signed in December 2020, primarily focuses on industrial goods and has played a crucial role in ensuring business continuity and safeguarding supply chains following the UK's departure from the European Union. As part of this agreement, both the UK and Türkiye committed to reviewing their trade relationship through a review clause. After a year of evaluation, both partners concluded that there is great potential in expanding and deepening their trade ties. As a result, officials from both nations, meeting as part of the UK-Türkiye Joint Committee, have agreed to pursue an improved FTA.

Recognizing the increasing importance of supporting an open trading environment based on global trading rules that facilitate mutual growth and prosperity, both countries are fully aligned in this endeavor. They view this as an opportunity to develop a modern and 21st-century agreement that caters to the needs of their dynamic economies.

This decision comes at a crucial time when international trade partnerships are of utmost significance in the global economic landscape. By enhancing their trade relationship, the UK and Türkiye aim to not only strengthen their own economies but also set an example for other nations to embrace collaborative and open trade practices. The upcoming negotiations for the updated FTA are eagerly awaited by businesses and industries in both countries, as they look forward to exploring new avenues of growth and cooperation.

Emphasizing inclusivity, sustainability, and adaptability, the prospective free trade agreement is expected to mark a significant milestone in the bilateral relationship between the UK and Türkiye, paving the way for mutual prosperity in the future.