, 5 tweets, 2 min read Read on Twitter
1 - Yes, we want to grow it! #UK #Automotive exports £1 billion engines to Turkey, twice as much as the entire North-American region and second only to the EU. British engines are assembled into passenger cars and CVs exported from Turkey to the UK and other European countries.
2 - In 2018, we imported more than 175,000 finished vehicles from Turkey, mainly cars and vans. In 2008, we were importing just over 65,000. Turkey ranked 5^ among the biggest export markets for UK cars.
3 - High level of integration was fuelled by favourable trading conditions of the EU-Turkey customs union. This agreement allows all industrial goods to be traded tariff-free, regardless of their origin, once in free circulation in the EU-Turkey customs area.
4 - Government has already clarified that, in a no-deal scenario, we will be trading with Turkey on WTO terms. This means tariffs will be applied on UK parts, engines and finished vehicles, as well as on Turkish cars and commercial vehicles.
5 - DIT is working hard to mitigate costs beyond tariffs in the event of no-deal, including avoiding additional customs duties and checks. These efforts deserve credit. However, the only way to maintain strong trade ties with Turkey is to avoid a no-deal Brexit, no way around it
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Alessandro Marongiu
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!