Britain has signed a bumper trade deal with Turkey today as the ink on the EU agreement was still drying.
Trade Secretary Liz Truss signed off a £18.6bn pact yesterday as Chancellor Rishi Sunak said the nation can now “do things a bit differently” after sealing the Christmas Brexit deal.
The latest agreement, which comes into effect on January 1, provides a major boost for British car industry, manufacturing and steel industries and lays the groundwork for an enhanced relationship in the future.
Trade between the two countries was worth more than $25billion in 2019.
Today’s deal will secureexisting preferential tariffs for some 7,600 British businesses that exported goods to Turkey in 2019.
So farm Ms Truss and her team have now agreed trade deals with 62 countries, alongside the new EU deal – accounting for around £885bn of UK trade.
She said: “Today’s deal covers trade worth more than £18 billion, delivers vital certainty for business and supports thousands of jobs across the UK in the manufacturing, automotive and steel industries.
“It paves the way for a new, more ambitious deal with Turkey in the near future, and is part of our plan to put the UK at the centre of a network of modern agreements with dynamic economies.”