In an effort to expand chances for its service industries, Britain and Turkey started post-Brexit trade negotiations on Thursday.
Secretary of State for Business and Trade Kemi Badenoch, along with her Turkish counterpart Omer Bolat, officially launched the discussions in London.
“There are huge opportunities as Turkey has one of the fastest growing economies in the OECD and is home to 85 million people,” Badenoch’s office said in a statement.
“The UK and Turkey have a strong economic relationship, with trade between the two worth almost o26 billion ($33 billion) in 2022.”
Following its departure from the European Union in January 2021, the United Kingdom has been actively pursuing trade agreements.
It has agreements with Singapore, Australia, and New Zealand in addition to the EU. While negotiations with India continue, it is already in talks with South Korea and Mexico.
Additionally, the United Kingdom became one of eleven nations in the Asia-Pacific region to sign the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Instead of achieving the much-desired agreement with the US, it has inked a number of non-binding cooperation agreements with individual nations.
Talks with Canada were broken off at the start of the year after they failed to reach agreement about agricultural trade.
