May 11, 2017 First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv met with Minister of Economy of the Republic of Turkey Nihat Zeybekci.
Stepan Kubiv thanked Turkey for staunchest support for Ukraine's territorial integrity and sovereignty and singled out the strategic importance of further development of trade and economic cooperation both in the bilateral format and in the framework of the Organization of the Black Sea Economic Cooperation.
Ukraine and Turkey have a great potential to increase significantly the trade turnover, which amounted to USD 3.15 billion last year. First and foremost, it is necessary to strengthen collaboration in agricultural sector, to implement infrastructural projects, to boost cooperation in transport and IT spheres in which Ukraine possesses enormous potential and opportunities”, accentuated the First Vice Prime Minister.
Stepan Kubiv noted that it is vital to enhance activities on signing of the Free Trade Agreement between Ukraine and Turkey.
“Conclusion of a balanced and mutually beneficial Free Trade Agreement is critically important for our countries, thus this should be the highest priority in the work of our negotiating teams as well as of advisers”, stressed the First Vice Prime Minister.
The sides also focused on issues of reciprocal protection of investment as well as of the avoidance of double taxation. Turkish side has emphasized the great interest of Turkish business circles to invest in Ukraine, to establish deeper and more fruitful cooperation in tourism, infrastructure, transport as well as energy sectors.