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Ukraine, Turkey sign a number of agreements
22:31, 9 October 2017
Ukraine, Turkey sign a number of agreements

The agreements include tax, investment, education, defense, and geographic information

22:31, 9 October 2017

president.gov.ua

President of Ukraine Petro Poroshenko and his Turkish counterpart Recep Erdogan signed a Common Statement following the sixth session of the Ukraine-Turkey High-Level Strategic Council, according to the press service of Ukraine’s President.

“Today's agreements, of course, will help to increase and enhance the scope of cooperation," Petro Poroshenko emphasized.

The Head of State noted that the bilateral agreement on investment protection and the changes made to the agreement on avoidance of double taxation would give additional impetus to bilateral cooperation.

Related: Ukraine, Turkey to increase trade to $10 billion

The Ukrainian and Turkish sides also signed the Action Plan for the Development of Bilateral Relations between Ukraine and Turkey for 2017-2019.

Following the Strategic Council, a Memorandum of Cooperation was signed between the Diplomatic Academy of Ukraine under the Ministry of Foreign Affairs of Ukraine and the Diplomatic Academy of the Republic of Turkey. The document testifies to the readiness of the two educational institutions to develop cooperation in the educational sphere, promotes the exchange of scientific experience and the development of educational programs between the parties.

Related: Poroshenko: Ukraine hopes Turkey will participate in international group on Crimea de-occupation

Also, an agreement was signed between the Governments of Ukraine and Turkey on amendments to the Agreement on Mutual Assistance and Protection of Investments. The document defines the procedure for facilitating the attraction of mutual investments from Turkey to Ukraine and from Ukraine to Turkey, determines the mechanism of their mutual protection in the territories of both states, promotes a fair and equal regime of investment.

In addition, a Protocol was signed between the Governments on amendments to the Agreement on Avoidance of Double Taxation and on the Prevention of Tax Evasion with Respect to Taxes on Income and Property; an Implementation Protocol between the Cabinet of Ministers of Ukraine and the Government of the Republic of Turkey on Cooperation in the Field of Geographic Information.

Also, contracts were signed between the Ukrainian and Turkish defense companies.

Related: Verkhovna Rada ratifies agreements with Croatia, Latvia, Turkey

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