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International

UK and Turkey sign defence deal, push for more trade

Starrfm.com.gh By Starrfm.com.gh Published January 28, 2017
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British Prime Minister Theresa May has signed a $125m defence equipment deal with Turkey as the two countries promised to ramp up trade partnerships.

Contents
Trade, defenceTrade partners

May, who arrived in Turkey on Saturday after a trip to the US, visited both countries for the first time as prime minister, promoting trade agreements to strengthen her hand in the UK’s negotiations to leave the European Union, or Brexit.

Following three hours of talks, Turkish President Recep Tayyip said the two leaders had discussed steps towards defence industry cooperation.

He also told reporters he hoped to increase annual trade with Britain to $20bn – up from $15.6bn now.

Trade, defence

May said the two countries had agreed to form a joint working group for post-Brexit trade.

They would step up an aviation security programme, signing a defence deal worth more than $125million to develop Turkish fighter jets.

May hailed the deal, which involves BAE Systems and TAI (Turkish Aerospace Industries) working together to develop the TF-X Turkish fighter programme, saying it showed “that Britain is a great, global, trading nation and that we are open for business”.

READ MORE: Why a hard Brexit will cost the UK more than Europe

Al Jazeera’s Sonia Gallego, reporting from London, said there are already in place “robust” trade and arms deals between the two countries.

“Since 2015, there’s has been $400m worth of arms traded to Turkey, and … following the coup [another] $60m.”

Trade partners

May said she was “proud” Britain had stood with Turkey’s democratically-elected government when a failed coup attempt happened last year.

“I’m proud that the UK stood with you on the 15 July last year in defence of democracy and now it is important that Turkey sustains that democracy by maintaining the rule of law and upholding its international human rights obligations as the government has undertaken to do,” she told reporters.

May’s government is keen to start laying the groundwork for bilateral trade agreements for when Britain leaves the EU

The UK was the second-largest destination for Turkish exports in 2015, buying $10.6bn in goods, according to IMF trade data. Only Germany imports more from Turkey.

 

 

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