From 14 to 16 November 2017, delegations from the EFTA States and Turkey met in Ankara for the sixth round of negotiations on the modernisation and expansion of their existing free trade agreement (FTA).
Discussions were very productive and expert groups held meetings in the areas of rules of origin, trade facilitation, trade remedies, trade in services, intellectual property rights, and legal and horizontal matters including dispute settlement. Very good progress was achieved and all areas under negotiation were finalised in substance, subject to follow-up work regarding a few remaining open points. The work will be carried out in parallel with the legal review of the texts of the Agreement.
Bilateral EFTA-Turkey merchandise trade has increased steadily since 2001 and reached EUR 6 billion in 2016. EFTA’s main exports to Turkey are precious metals, pharmaceutical products, machinery and mineral fuel. Merchandise imports from Turkey consist mainly of precious metals, apparel articles and accessories, and vehicles.
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