A NEW ERA IN TURKEY-UK TRADE RELATIONS: THE BILATERAL FREE TRADE AGREEMENT

Two European outliers, Turkey and the UK have entered into on 29 December 2020 a free trade agreement (the "FTA") for the establishment of tariff-free trading arrangements. This development could be considered a significant step towards unwinding the ambiguities caused by the Brexit transition and will help to secure the continued tariff-free flow of goods on the supply chains of strategically important industries, including automotive, manufacturing and steel industries.