This is a continuity FTA modelled on the pre-existing EU-Turkey FTA to which the UK was a party until 31st December 2020. The new UK-Turkey FTA effectively confers the same free trade elements which previously existed in both directions and does not go further than this. However, the parties have agreed to look at areas for closer cooperation within two years.
The deal is especially important for UK importers of Turkish fashion and textiles.
Official name: UK-Turkey Continuity Trade Agreement
Parties/territories: The United Kingdom and the Republic of Turkey
Date of entry into force: 01.01.2021
UKFT has created a guide to give a basic overview of this new agreement, including details on:
Duty arrangements under the FTA from start
Fashion & Textile HCC categories included on a duty free basis
F&T HCC categories included on a duty free basis
Rules of Origin (ROO) requirements to qualify for the FTA
Mechanism for exporters to register/demonstrate Rules of Origin (ROO) compliance
VAT required on import/export at the border
Labelling requirements for goods in target country
The information set out in this guide provides a basic overview, however, UKFT has much more information and experience of how this market works.
For more information on how to export your products to the Turkey and to join UKFT, read more here or contact us at email@example.com