October 9, Stepan Kubiv, First Vice Prime Minister/ Minister of Economic Development and Trade of Ukraine met with Nihat Zeybekci, Minister of Economy of the Republic of Turkey. The meeting was held in the framework of the high-level visit of President of Turkey Recep Tayyip Erdoğan to Ukraine. The parties discussed bilateral trade and economic cooperation, inter alia the intensification of the negotiation process on the conclusion of the Free Trade Agreement.

«Relations between Turkey and Ukraine gained the status of strategic. Turkey is among the 15 biggest importing countries in the world. We need to increase trade turnover between our countries and to strengthen our economic ties. To this end, we have agreed to hold another round of negotiations on FTA between our countries during the month», Stepan Kubiv underlined.

In 2016, as a consumer of the Ukrainian export goods Turkey ranked 4 place. Ukraine’s export of goods to Turkey continues to show a tendency towards increase. For the first seven months of 2017 it amounted to $ 1.4 billion and increased by 18 % in comparison with the same period of 2016.

«Turkey is a country determined by the Export Strategy of Ukraine as a focus one for Ukrainian exports. Therefore, we are engaged in activities aimed to eliminate the barriers in the Turkish market, to simplify trade procedures and to strengthen business-to-business contacts in order to increase the number of export contracts. There are also prospects for progress in the negotiation process regarding the conclusion of the FTA with Turkey. All sectors of the economy, including agriculture should be enshrined in the said agreement», emphasized Nataliya Mykolska, Deputy Minister of Economic Development and Trade of Ukraine/ Sales Representative of Ukraine.

Stepan Kubiv and Nihat Zeybekci also signed an Agreement on Mutual Assistance and Protection of Investments.

More information about the trade and economic relations between Ukraine and Turkey: http://bit.ly/2xsEkGw.