Turkey stands to lose roughly $5 billion per year in direct losses alone if it is not included in a final free trade agreement between the EU and US, Turkey’s minister for EU Affairs said Thursday.
The Preferential Trade Agreement signed between Turkey and Iran will be extended and the agreement will be transformed into a free trade agreement, a Turkish minister says.
A secret discussion note for the Trade in Service Agreement (TISA) – leaked today by Associated Whistle-Blowing Press- uncovers that negotiators discuss reforms to the national health care systems in favour of international trade and the commercialisation of health care.
The Faroe Islands and Turkey have signed a free trade agreement, culminating 15 years of negotiations. The island nation can now compete “on equal terms” with Norway, Scotland (UK) and Iceland to supply seafood to Turkey.
If the EU-US trade agreement (TTIP) goes ahead and US goods are delivered to the Turkish market free of duty, Turkey may lose up to $2.5 billion-$3 billion.
The government of Ukraine intends to launch free trade negotiations with Canada, Turkey, Israel, the Gulf States, West Africa and some other countries, Prime Minister Arseniy Yatseniuk said.
Talks will continue next year as areas of friction — textiles and agriculture — continue to cause disagreement.
Japan and Turkey will hold the first round of negotiations for a bilateral free trade agreement next week in Tokyo, the Foreign Ministry said Tuesday.
Turkey could suspend its membership in a customs union with the European Union if its interests are not taken into account when Brussels signs a major trade deal with the United States, Turkish EU Affairs Minister Volkan Bozkir stated Wednesday.
Egypt has decided not to extend a comprehensive free trade agreement signed with Turkey during the rule of the ousted ex-President Mohamed Morsi, the MENA news agency reported on Oct. 28.
The Islamic Republic of Iran has won its first ever investor-state arbitration in a decision against Turkish mobile phone company, Turkcell.
China offered Turkey a free trade agreement (FTA) during a meeting of the foreign ministers of the two countries, Wang Yi and Mevlüt Çavuşoğlu, in New York last week at the United Nations General Assembly.
South Korea and Turkey initialed a free trade agreement (FTA) for their investment and service sectors Thursday, which will complement a trade pact for products that went into effect last year.
Ghana is in discussions with the Turkish Authorities for a free trade agreement to ensure unimpeded access to each other’s market.
South Korea and Turkey have paved the way for a new free trade deal covering the service and investment sectors, according to Seoul’s trade ministry on Monday.
Turkey has to be party to a proposed Free Trade Agreement between the EU and the US, Turkey’s Economic Ministry declared on Monday, stressing that otherwise Turkey should consider renouncing their custom union agreement with the EU.
The Ministry of Water and Power has approached the Washington-based International Centre for Settlement of Investment Disputes (ICSID) and challenged the jurisdiction of a tribunal which has been hearing a damage suit worth $334 million sought by a Turkish power firm, Karkey Karadeniz Elektrik Uretim (KKEU), against Pakistan.
The signing of a Free Trade Agreement between Kuala Lumpur and Ankara will be the highlight of Prime Minister Datuk Seri Najib Razak’s two-day visit to Turkey.
Pakistan has sought a 20-day extension to file its reply to the International Centre for Settlement of Investment Disputes (ICSID) against a damage claim of $2.1 billion filed by Turkish firm M/s Karkey Karadeniz Elektrik Uretim. The sources said Pakistan had to submit its reply to the international body by February 28, 2014 but it was delayed due to a change in legal firm.