EFTA and Turkey review Free Trade Agreement

Published 22-09-2014
Representatives of the EFTA States and Turkey convened in Ankara on 16 and 17 September 2014 for a round of negotiations concerning the review of their existing Free Trade Agreement (FTA), which entered into force in 1992.

The round was chaired on the EFTA side by Mr Erik Andreas Underland, Chief Negotiator from the Norwegian Ministry of Trade, Industry and Fisheries, while Mr Emre Orhan Öztelli, Deputy Director-General of EU Affairs from the Ministry of Economy, headed the Turkish delegation.
 
The parties achieved good progress relating to the update and expansion of the FTA in a number of areas. They set out the agenda for future work and agreed to meet again in December 2014.
 
Bilateral EFTA-Turkey merchandise trade has increased steadily since 2001 and reached USD 5.2 billion in 2013. EFTA’s main exports to Turkey are pharmaceuticals products, machineries, mineral/fuel oil, chemical fertilisers and fish. Merchandise imports from Turkey consist mainly of apparel articles and accessories, and vehicles.