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Prime Minister Shehbaz Sharif said the Islamabad MoU takes immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade ahead of Friday's official signing ceremony in Switzerland.Fidan told the prestigious MGIMO university — which counts Russian Foreign Minister Sergey Lavrov among its alumni — that the honor recognized the deep bond between Türkiye and Russia, calling diplomacy the only effective tool for resolving regional disputes amid shifting global power dynamics and warning against strategic miscalculation during the transition to a multipolar order.Türkiye's national team is focused on securing a crucial victory against Paraguay in its second Group D match as it seeks to recover from an opening defeat to Australia. Goalkeeper Uğurcan Çakır said "the first match was not a final" and the team still has six points to play for.President Recep Tayyip Erdogan said he welcomes the agreement reached between Washington and Tehran as an important development for regional stability, urging all parties to refrain from rhetoric and actions that could escalate tensions until the official signing ceremony scheduled for June 19 in Switzerland.Iran's Supreme Leader Mojtaba Khamenei declared on Monday that Israel's "shaky Zionist regime" has only a limited time remaining, his remarks coming amid a sharp escalation that saw Tehran launch missiles at northern Israel and Israeli warplanes strike multiple Iranian cities including the capital.

Prime Minister Shehbaz Sharif said the Islamabad MoU takes immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade ahead of Friday's official signing ceremony in Switzerland.Fidan told the prestigious MGIMO university — which counts Russian Foreign Minister Sergey Lavrov among its alumni — that the honor recognized the deep bond between Türkiye and Russia, calling diplomacy the only effective tool for resolving regional disputes amid shifting global power dynamics and warning against strategic miscalculation during the transition to a multipolar order.Türkiye's national team is focused on securing a crucial victory against Paraguay in its second Group D match as it seeks to recover from an opening defeat to Australia. Goalkeeper Uğurcan Çakır said "the first match was not a final" and the team still has six points to play for.President Recep Tayyip Erdogan said he welcomes the agreement reached between Washington and Tehran as an important development for regional stability, urging all parties to refrain from rhetoric and actions that could escalate tensions until the official signing ceremony scheduled for June 19 in Switzerland.Iran's Supreme Leader Mojtaba Khamenei declared on Monday that Israel's "shaky Zionist regime" has only a limited time remaining, his remarks coming amid a sharp escalation that saw Tehran launch missiles at northern Israel and Israeli warplanes strike multiple Iranian cities including the capital.

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Türkiye, UK ministers discuss FTA modernization, $40B trade target

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08:23, 18/06/2026, ThursdayU: Update: 10:15, 18/06/2026, Thursday

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Türkiye, UK ministers discuss FTA modernization, $40B trade target

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Turkish Trade Minister Ömer Bolat said on Wednesday he hosted UK Trade Minister Chris Bryant in Ankara to discuss modernizing their free trade agreement and deepening investment ties, as the two NATO allies aim to raise bilateral trade volume from $24 billion to $40 billion.

Turkish Trade Minister Ömer Bolat hosted UK Minister of State for Trade Chris Bryant at the ministry in Ankara on Wednesday for talks on deepening economic ties, including the modernization of their free trade agreement and steps to boost bilateral investment flows.

FTA modernization

The meeting addressed efforts to strengthen the economic partnership, defense industry cooperation, and joint projects in third countries, according to the Turkish Trade Ministry. Bolat noted that bilateral trade volume reached $24 billion in 2025, demonstrating the strong potential of relations between the two NATO allies.

Trade volume targets

The two ministers aim to raise trade to $40 billion following the completion of free trade talks this week. "With the completion of the free trade agreement negotiations, we aim to achieve our shared target of $40 billion by making our trade more competitive and integrated," Bolat said on the Turkish social media platform NSosyal.

Bolat said he was "delighted" to host Bryant, adding that Ankara and London would continue taking joint steps to support business communities. Türkiye will continue to serve as a reliable partner and regional hub for UK companies with its production strength and strategic location, he noted.

Titles :ömer bolat chris bryant united kingdom free trade agreement fta modernization turkish trade ministry bilateral trade ankara

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