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Ukraine, Turkey free-trade area to be set by late 2018, - Erdogan

Turkish president believes that the intensification of work on the area creation will help to restore the trade turnover of $ 10 billion between Kyiv and Ankara
20:03, 3 November 2018

112 Agency

Ukraine and Turkey are planning to complete the work on the creation of a free trade zone between the countries by the end of the year. This was stated by Turkish leader Recep Tayyip Erdogan during a joint briefing with President of Ukraine Petro Poroshenko, broadcasted by 112 Ukraine.

'At today's meeting, we made a decision to complete the work on signing the free trade zone agreement by the end of the year. We believe that with this deal we will be able to achieve our goal regarding the trade balance of $ 10 billion,' he said.

As previously reported, Ukraine has signed an intergovernmental agreement on development cooperation with Turkey.

Related: Poroshenko, Patriarch Bartholomew sign agreement on cooperation

'I am glad that cooperation with the Turkish Agency for Cooperation and Coordination has got a new legal framework. We have signed an Agreement on Development Cooperation. It would be good if this cooperation, in particular that in the infrastructure development sphere also concerned Ukrainian Donbas,' he said.

In addition, Poroshenko and Erdogan signed a joint statement on the results of the 7th Ukrainian-Turkish Strategic Council meeting, which was held on the eve of the briefing.

A memorandum of understanding was also signed between the state-run company Ukroboronprom and the board of the military-industrial complex of Turkey.

Related: Poroshenko awarded with title of honorary doctor in Istanbul University

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