Ukraine, Turkey finalizing bilateral FTA
The government also plans to expand the free trade area with Canada.Ukraine and Turkey finalizing bilateral FTA / Photo from UNIAN
Ukrainian Prime Minister Denys Shmyhal says Ukraine is finalizing the procedure of signing a Free Trade Agreement (FTA) with Turkey.
He made the comment at a press conference on March 4.
“Last week and this week, the free trade agreement with Turkey is being finalized. We are [also] in talks on changes and expansion of a free trade area with Canada and a number of other states,” he added.
- In March 2016, Ukraine and Turkey resumed negotiations on a free trade area, which were suspended in 2013.
- In November 2018, Turkish President Recep Tayyip Erdogan announced that work on the FTA with Ukraine should be completed by the end of the year.
- In 2018, trade between the countries stood at about US$4 billion.
- In February 2020, Ukrainian President Volodymyr Zelensky announced that Ukraine-Turkey trade should increase to US$10 billion.
- On July 3, 2020, Ukrainian Foreign Minister Dmytro Kuleba said the FTA between Ukraine and Turkey might be signed by the end of 2020.
- (C)UNIAN 2021