The free trade agreement (FTA) between Korea and Turkey entered into force on May 1, setting the stage for Korea’s businesses to expand into Turkey and use the nation’s geopolitical position and FTA networks to enter markets in Europe, Africa and the Middle East. Turkey shares its border with European and Asian nations such as Russia, Ukraine, Romania, Bulgaria, Georgia, Armenia, Iran, Iraq and Syria, and has signed FTAs with 16 nations, including Jordan, Syria, Egypt and Israel. In addition to the agreement on trade in goods, the Korean government will negotiate with Turkey on trade in services and investment, and sign respective agreements within a year.