Events

The Future of trade and investment in post-Brexit between Turkey and the UK

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Bilateral trade between Turkey and the United Kingdom was worth 18.1 billion pounds ($21.9 billion) by the end of 2021 following the signing of a free trade agreement (FTA) – a 20% increase on the previous year. The demand for Turkish-made goods is high in the UK which is second on the list of countries to which Turkey exports the most. Turkey has become one of the UK’s key trading partners and UK companies are the biggest investors in Turkey – responsible for 19% of all investments made in Turkey.

However, trade between the UK and Turkey can be even more successful, especially in relation to sustainable trade, with the UK projecting the global market for low-carbon exports to be worth almost £2 trillion by 2030. Similarly, the UK have announced that by 2050, over 1.2 million people could be directly employed in low carbon goods and services sectors, representing a six-fold increase from the current figure and aiding the UK’s domestic levelling up goals.

 

On Tuesday 4th October from 18:00-19:00, the Circle Foundation hosted a high-level roundtable at Conservative Party Conference to discuss trade between Turkey and the UK. The roundtable brought together Turkish and UK politicians and key experts from academia, civil society, think tanks, trade unions and industry to provide their views and experience on the future of trade and investment post-Brexit. Our Roundtable looked at both Trade in Goods (white goods; automotive & agriculture) and Trade in Services (digital; investment; healthcare and tourism).

 

Roundtable Keynote Speakers:

  • Chair: Peter Cardwell, Political Editor, Talk Radio
  • Charles Grant, Director of Centre for European Reform
  • H.E. Ümit Yalcin, Ambassador, Turkish Embassy London
  • Richard Rumbelow, Director, International Trade & Member Relations, Make UK
  • H.E. Elin Suleymanov, Ambassador of Republic of Azerbaijan to the UK


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