Analysis of Agricultural Trade Agreement between Turkey and the UK after Brexit

Year 2023, , 93 - 110, 21.03.2023

Özlem Toplu Yılmaz

https://doi.org/10.48064/equinox.1140878

Abstract

This study reviews the Brexit period and the free trade agreements of the United Kingdom. The main aim is to examine the trade relations and the trade agreement between Turkey and the United Kingdom in order to comment on further trade relations by analysing the free trade agreement signed on December 2020. According to the agreement, it can be revealed that there is limited free trade in agricultural goods. Some goods benefit from the preferential tariffs applied by the UK, but some Turkish export goods have limited preferential tariffs and will enter the UK’s market within the quota limits. The United Kingdom also has limited preference in the Turkish market. It can be concluded that this free trade agreement may not foster the trade relations between the countries as expected.

Keywords

Brexit, Trade Agreement, Preferential Tariff Treatment, Tariff quota

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