SMMT welcomes Turkey trade deal
The Society of Motor Manufacturers and Traders has welcomed a new trade deal between the UK and Turkey worth about £18.6bn.
The tariff-free deal means British businesses can continue trading with Turkey on the same terms after Brexit.
Mike Hawes, SMMT chief executive, said: “We welcome [the] agreement between Turkey and the UK to extend preferential trading terms beyond 31 December. We now await the full text of the deal to assess the impact on our future relationship given the UK will now be outside of the customs union which has delivered trade benefits between the two countries. Imports and exports of vehicles, engines, parts and components between our two countries contribute hundreds of millions of pounds to the economy, so it is crucial that this deal provides continuity, preserving as much as possible our current relationship.”
