Turkey has ratified the free trade agreement with Ukraine, which was signed at the beginning of 2022. This was reported by the Daily News Hurriyet.
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The agreement was signed on February 3, 2022, and Turkish President Recep Tayyip Erdogan approved it and its annexes only on August 1 of this year, the publication writes.
The volume of bilateral trade between Turkey and Ukraine in 2023 amounted to $ 7.3 billion, Trade Minister Omer reported on August 1 Bolat.
He stressed that the free trade area is expected to increase volumes to $10 billion in a short period. He noted that Turkey and Ukraine will continue to strengthen cooperation and increase mutual trade and investment based on common interests.
“Turkish companies will actively participate in the implementation of the Turkish-Ukrainian working group on the restoration of Ukraine, which we jointly signed in Istanbul in January this year,” he added.
Ukrainian Economy Minister Yulia Svyrydenko noted that the completion of the ratification of the free trade agreement with Turkey will unite all Black Sea countries, with the exception of Russia, into a single economic space that is mutually beneficial for all countries.