EFTA and Turkey continue talks on expansion of free trade agreement

Published 02-03-2015
From 25 to 27 February 2015, delegations from the EFTA States and Turkey met in Geneva for the second round of negotiations on the modernisation and expansion of their existing free trade agreement (FTA).

The parties had constructive discussions and were able to achieve further progress pertaining to the update and expansion of their FTA in several areas, including notably trade in goods, trade in services and intellectual property rights, as well as trade and sustainable development. Delegations agreed to hold a further round of negotiations, scheduled to take place in early summer 2015.

Mr Erik Andreas Underland, Chief Negotiator from the Norwegian Ministry of Trade, Industry and Fisheries, acted as an EFTA spokesperson and Ms Serpil Oğuz, Deputy Director-General for EU Affairs, lead the Turkish delegation.

Bilateral EFTA-Turkey merchandise trade has increased steadily since 2001 and reached USD 5.4 billion in 2014. EFTA’s main exports to Turkey are machinery, pharmaceutical products and mineral fuels/oil. Merchandise imports from Turkey consist mainly of apparel articles and accessories, and vehicles.

Incorporation of GDPR into the EEA Agreement