The UK and Turkish governments have announced plans to begin talks on an updated free trade agreement (FTA). The deal would replace the existing UK-Turkey FTA, which was rolled over from when the UK left the European Union and doesn’t cover key areas of the UK economy like services, digital and data. The UK is the second biggest services exporter in the world – behind only the US, and the services sector contributes around 80% of the UK’s GDP. A new deal could boost trade and help UK companies maximise opportunities in this area, driving economic growth.
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