Vehbi Keleş, President of the European Union of Turkish Brands (ATMB), said that this week, the new chapters signed to strengthen the Free Trade Agreement between Turkey and the UK (STA) is that it is critical to improve bilateral trade, and that it will accelerate $ 8 billion in automotive and chemical sectors.
Keleş, Trade Minister Ömer Bolat this week within the scope of the UK contacts with the UK Trade Minister Jonathan Reynolds in the meeting signed with the technical obstacles and Moroccan of this chapter chemicals and motor vehicles attachments on the impact of the impact of the AA correspondent to the AA correspondent.
Sta between Turkey and the UK, the signing of new protocols for the technical obstacles chapter of the Turkish business world is welcomed by the Turkish business world expressed, “In the first 4 months of this year, Türkiye’s exports to England has reached 5.3 billion dollars. These data, the Turkish brands are rapidly growing in this market, but there is still serious potential.” he said.
Keleş stated that the new chapters signed this week directly affect the automotive and chemical sectors, “These two sectors are currently representing the trade volume of approximately 8 billion dollars. Technical obstacles, unseen in trade, but slowing elements … These agreements will contribute to the elimination of obstacles, while the trade will contribute to the faster, the costs will be more transparent.” he said.
Stating that the competition will increase and Turkish brands can get a stronger place in the market thanks to the quality, speed and cost advantage, Keleş stressed that England is a seated market and that it is essential to adapt to local arrangements and standards as well as product quality in order to achieve success here.
Keleş stated that the removal of technical obstacles is pleasing, but that this would not facilitate this situation to enter the market unprepared, and made the following recommendations to the Turkish companies who want to enter the UK market:
“Turkish companies must first have information about the UK’s product standards, certification processes and customs procedures. Especially compliance with regulations in industry and chemical products are located at the center of the process. The UK’s commercial structure, fast decision -making mechanisms and diversity consumer profile for both branding and direct sales of the product. Sadık customer can create a portfolio. “
Keleş reminiscent of the negotiations between Türkiye and the UK for the update of FTA will begin in Ankara in July, but added that these negotiations will be a long -term and multi -layered process.
About the agreement to remove technical obstacles
Within the scope of the step between the two countries to strengthen FTA, technical obstacles in trade in London this week and the chemicals of this chapter and motor vehicles attachments were signed.
With this step, the technical obstacles in these strategic sectors, which constitute one -third of the total trade of $ 7.4 billion and currently at the level of 22 billion dollars, are eliminated by eliminating the dual trade in a faster, transparent and safe way.
Thus, mutual recognition of the covered products will be facilitated and bureaucracy will decrease and exports will be easier to decrease in chemical and automotive sectors.
