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Unions Dissatisfied with 22% increase to Minimum Wage; UK & Turkey Ink FTA

TURKEY

LOCAL NEWS

  • Turkey increases minimum wage 22% (TRY 2,8268/month from 2,324) falling short of union demands at TRY 3,000/month.
  • Employers pushed back against this, saying a rise of that level would impact employment.
  • Unions have said the amount is insufficient, but given no course of action in addressing the situation - Ahval
  • UK & Turkey set to sign FTA today (1220GMT), replicating trade terms held while the UK was part of the EU.
  • UK Trade Min Truss hopes for a bespoke deal soon.
  • Turkey Trade Min highlight's UK's importance as second largest export partner, saying bilateral relations should strengthen as a result of the FTA
  • Aim to improve on the $18.6bn in trade in 2020. Anadolu Agency
  • Turkey ForeignMin to meet with Russia's Lavarov in Sochi to discuss bilateral relations, discussing Syria (Idlib), Nagorno-Karabakh, & Libya.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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