Ukraine and Turkey on track to sign free trade agreement on Feb. 3

3 February, 04:47 AM
Ukraine and Turkey on track to sign free trade agreement on Feb. 3 (Photo:Reuters)

Ukraine and Turkey on track to sign free trade agreement on Feb. 3 (Photo:Reuters)

Ukraine and Turkey are on track to sign a free trade agreement on Feb. 3, according to a statement made by Ukraine’s Prime Minister Denys Shmygal during a cabinet meeting on Feb. 2. 

We have stepped up the talks with our Turkish partners to make sure the agreement reflects the interests of Ukrainian businesses,” Shmygal said.

“It will create export opportunities for Ukraine, as well as boost the potential for modernizing Ukrainian companies.”

Shmygal added that both the Ukrainian President Volodymyr Zelensky and Turkish President Recep Tayip Erdogan would be present at the signing of the agreement, with Erdogan visiting Kyiv amid the looming threat of a further Russian invasion of the country.

Video of day

Shmygal also said that the Ukrainian government intends to approve another four agreements with Turkey on collaboration in technology, aviation, space exploration, and youth policy, as well as expanding cooperation between Ukrainian and Turkish law enforcement.

The co-chairman of the Group for Inter-Parliamentary Relations with the Republic of Turkey, Roman Hryshchuk, previously said that the agreement is expected to boost Ukraine-Turkey trade by up to $10 billion annually.

Talks on a free trade agreement between Ukraine and Turkey started as far back as 2011. In April 2021, Ukrainian President Volodymyr Zelensky and Turkish President Recep Tayyip Erdogan announced they had agreed “to review” points of dispute to restart the stalled talks. 

Follow us on Twitter, Facebook and Google News

poster
Ukraine Today
Fresh daily newsletter covering the top headlines and developments in Ukraine
Daily at 9am EST
Show more news
X