Turkey, UK to sign free trade deal this week: Erdogan

President of Turkey, Recep Tayyip Erdogan arrives to give a press conference after the cabinet meeting at the Presidential Complex in Ankara, Turkey, on September 21, 2020. (AFP photo)

SULAIMANI (ESTA) — Turkish President Tayyip Erdogan said on Monday a free trade deal with London would be signed on Tuesday and completed after Thursday, when Britain formally leaves the European Union.

The UK trade ministry said on Sunday the two nations will sign a deal that replicates the existing trading terms.

The trading relationship was worth 18.6 billion pounds ($25.25 billion) in 2019, and Britain said it was the fifth biggest trade deal the trade ministry had negotiated after agreements with Japan, Canada, Switzerland and Norway.

Britain has now signed trade agreements with 62 countries ahead of the end of the Brexit transition period on Jan. 1, when it leaves the EU’s trading arrangements.

It clinched its narrow trade deal with the EU, its biggest trading partner, last week.

(Esta Media Network/Reuters)

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