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Turkish Grand Prix return 'agreed in principle'

The Turkish Grand Prix looks set to return to the Formula One calendar after the country's president and F1 CEO Chase Carey "agreed in principle" over the circuit's future.

Carey met with Turkish president Tayyip Erdogan on Tuesday to discuss Istanbul Park, which dropped off the calendar in 2011. Also present was circuit owner Vural Ak, who purchased the $250 million venue five years ago, and several representatives from the Turkish government.

Since being installed as CEO in January Carey has outlined his desire to strengthen F1 in Europe, a place he believes has "historic strength" for the sport.