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Ankara Free Trade Agreement

11Sep

Thailand and Turkey have had bilateral relations for 61 years, but are now focusing on a free trade agreement (FTA), Thailand`s ambassador said on Thursday. Trade in basic agricultural products is covered by three bilateral agricultural agreements between Iceland, Norway and Switzerland/Liechtenstein and Turkey. These agreements are part of the instruments for the creation of the free trade area between the EFTA States and Turkey. They provide for important concessions on both sides, taking into account the respective sensitivities. Each agreement contains specific rules of origin, usually based on the “fully acquired” origin criteria. •The UK`s Brexit transition period expires at the end of 2020. The British government is pursuing several trade agreements with its key allies, including the United States, Australia, New Zealand and Japan, as well as Turkey. The Parties recognize that economic development, social development and environmental protection are interdependent. In Chapter 7, they reaffirm their commitment to multilateral environmental and labour agreements and principles and commit to maintaining the level of protection, while recognizing the right of each party to establish its own level of environmental and labour protection. Arbitration procedures shall not apply to this Chapter. •Total trade between Britain and Turkey peaked at GBP 18.8 billion last year.

After a meeting with Azerbaijani Parliament Speaker Sahibe Gafarova in Ankara, the capital, Ruhsar Pekcan said: “We want to increase our trade with Azerbaijan. Our goal is to sign a free trade agreement with Azerbaijan. The agreements provide for the elimination of all customs duties on the import and export of industrial products, including fish and other seafood products, originating in an EFTA State or Turkey. Since 1 January 1999, all industrial products originating in the EFTA States already enjoy duty-free access to Turkey under the existing Agreement. Industrial products originating in Turkey have enjoyed duty-free access to the EFTA States since the entry into force of the existing Agreement on 1 April 1992. Chile and Turkey agreed to examine the possibility of negotiating a free trade agreement. To this end, the two governments have set up a joint working group on feasibility studies. Free trade negotiations began after the Joint Task Force published its final report. The second round of negotiations took place on 11 July 2008, Ankara, Turkey, took place. Chile and Turkey held the third round of negotiations on 8 October 2008. The fourth round of negotiations began on 18 March 2009 in Ankara, Turkey. Two days later, Chile and Turkey concluded negotiations for a free trade agreement.

On 14 July 2009, Chile and Turkey signed a Free Trade Agreement (FTA). She found that the volume of bilateral trade between the two countries amounted to $4.4 billion in 2019 and said this figure was far from reflecting the true potential of both countries. Turkey and Azerbaijan wanted to strengthen bilateral trade relations through a free trade agreement, Turkey`s trade minister said on Friday. .