Speaking at the Turkey-U.K. business forum after the signing ceremony, Turkish Trade Minister Ruhsar Pekcan said both countries expected to further develop cooperation post-Brexit.
She invited British firms to invest in high-technology free-trade zones in Turkey.
Liam Fox, the British secretary of state for international trade, highlighted the importance of Turkey’s geopolitical position.
Underlining the bilateral trade volume target of $20 billion, Fox said the target was set realistically.
He noted that more than 200 prominent Turkish companies operated in the U.K.
Fox added that the number of British tourists visiting Turkey was expected to reach 3 million in 2018, up from 1.6 million last year.