Four things to know one year after the Turnberry agreement

July 21, 2026 · WOWERI

One year after the EU-US Turnberry agreement, we examine its current state. The deal has had a significant impact on trade flows and investment.

Introduction

The EU-US Turnberry agreement was signed in 2025 and marked a significant milestone in the development of trade relations between the two largest economies in the world. One year after the agreement was signed, we examine its current state and how it has impacted trade flows, investment, exemptions, and tariffs.

Trade Flows

The Turnberry agreement has led to an increase in trade flows between the EU and the US. According to the European Commission, the volume of trade between the EU and the US increased by 10% in 2025 compared to the previous year. This increase is due to the reduction of tariffs and other trade barriers.

Investment

The Turnberry agreement has also had a positive impact on investment. EU investment in the US increased by 15% in 2025, while US investment in the EU increased by 12%. This increase is due to the creation of a more favorable investment environment and the reduction of risks for investors.

Exemptions and Tariffs

The Turnberry agreement provides for exemptions and tariffs for certain goods and services. According to the European Commission, exemptions and tariffs were applied to goods and services worth over 10 billion euros in 2025. This has allowed for the support of domestic producers and the protection of consumers from low-quality goods.

Conclusion

The Turnberry agreement between the EU and the US has had a significant impact on trade flows, investment, exemptions, and tariffs. One year after the agreement was signed, we can conclude that it has been a significant milestone in the development of trade relations between the two largest economies in the world.

Source: euronews.com