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As is known, following the Brexit transition period ending on 31.12.2020, negotiations aimed at continuing trade between Türkiye and the United Kingdom within the scope of a Free Trade Agreement (FTA) are being conducted by the Ministry of Trade.
In the letter referenced above, it is stated that, at the point reached as a result of the negotiations, agreement has been reached on a large part of the FTA in a way that maintains Customs Union conditions in terms of tariffs; however, with regard to the functioning of the Customs Union, the rules of origin relating to the FTA between the United Kingdom and Türkiye need to be prepared on the basis of the rules of origin included in the arrangement to be made by the European Union with the United Kingdom, and the situation in the European Union negotiations in this area has not yet become clear.
The letter further states that, pursuant to the Customs Union, it is a prerequisite for our country to first await the conclusion of the negotiations between the European Union and the United Kingdom before signing an FTA with the United Kingdom, and therefore, if the European Union-United Kingdom negotiations, whose outcome has not yet become clear, conclude negatively or after 2020, it is possible that trade between our country and the United Kingdom will be conducted on the basis of WTO rules as of 1.1.2021. Accordingly, it is stated that, while the Ministry of Trade continues its work towards the goal of urgently signing the FTA so that it enters into force as of 1.1.2021, legislative and implementation preparations are also being made in the context of other scenarios that may arise in trade with the United Kingdom in 2021.
Within the framework of the scenarios mentioned above, an online information meeting is planned to be held on Tuesday, 15 December 2020 between 14:00 and 16:00 with the participation of Deputy Minister of Trade Ms. Gonca Işık Yılmaz Batur, so that our exporters are prepared for the changing environment in trade with the United Kingdom in 2021 and our companies are informed about the rules and practices for the new period and developments regarding a possible FTA.
In this framework, representatives of organisations/companies wishing to attend the said meeting must complete their registration, to be forwarded to the Ministry of Trade, at https://anket.tobb.org.tr/#/anket/brexit-bilgilendirme-toplantisi by 12:00 on Monday, 14 December 2020 at the latest.
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Date Added :2020-12-10 10:16:00