EFTA, Turkey Advance FTA Upgrade Talks
by Ulrika Lomas, Tax-News.com, Brussels
04 September 2017
Turkey and the European Free Trade Association (Iceland, Norway, Liechtenstein, and Switzerland) recently held the fifth round of negotiations towards updating their free trade agreement.
According to a statement from EFTA, the parties continued their discussions and made significant progress in respect of the update and expansion of the FTA during the round, which was held in Geneva from August 22-25.
Negotiations were held in several areas, most notably in trade in goods, including trade remedies; rules of origin and trade facilitation; trade in services; intellectual property rights; and legal and horizontal matters, including dispute settlement.
The parties agreed to hold the sixth round before the end of 2017, with intersessional discussions on various outstanding issues to be held in the meantime.
Bilateral trade between EFTA and Turkey has been increasing in recent years, reaching EUR6bn (USD7.1bn) 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.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Big changes Afoot... »
- I.T. is IT! »
- What Is a Registered Agent, and Why You Need a Registered Agent for Your Business? »
- Spring Cleaning? »
- Brexit and Covid and Tax, Oh My! »
- Why is the Hong Kong startup ecosystem growing rapidly? »
- Happy Holidays? »
- COVID Continues To Capture Headlines »
- Taxing The Zeroes And Ones »
- Value Added News... »