Espreso. Global

Turkey ratifies free trade agreement with Ukraine

2 August, 2024 Friday
15:53

Turkey ratified the free trade agreement with Ukraine, and President Recep Tayyip Erdoğan approved the document and its annexes

client/title.list_title

Hurriyet Daily News reported the information.

The outlet reported that the agreement was signed on February 3, 2022, but President Erdoğan approved the agreement and its annexes on August 1, 2024.

The volume of bilateral trade between Turkey and Ukraine in 2023 amounted to $7.3 billion, Trade Minister Ömer Bolat said on August 1 after meeting with Ukraine's First Deputy Prime Minister Yulia Svyrydenko.

He emphasized that the FTA (free trade area) is expected to increase the trade volume to $10 billion in a short period.

Bolat noted that Turkey and Ukraine will continue to strengthen cooperation and increase mutual trade and investment based on shared interests.

“Turkish companies will take an active part in the implementation of the Türkiye-Ukraine Task Force for the Reconstruction of Ukraine, which we mutually signed in Istanbul in January this year,” he added.

Svyrydenko also noted that strengthening economic cooperation and trade was discussed.

According to her, the completion of the ratification of the free trade agreement with Turkey will unite all Black Sea countries, except Russia, into a single economic space that is mutually beneficial for all countries.

Turkey has effectively become a hub for supplying Ukrainian grain to other countries, added the minister.

"We have sent ships with grain to African countries from Turkey, including 25,000 tons to Nigeria and 15,000 tons to Sudan," Svyrydenko informed.

She mentioned that other key issues discussed included regional trade, maritime security, and the demining of the Black Sea waters.

  • Turkey is ready to help Ukraine restore its energy sector after Russian attacks and assist in increasing the capacity of distributed generation.
Tags:
Read also:
  • News
2024, Thursday
12 September
16:13
Russia attacks Ukraine with Shaheds, missiles: homes, power facilities hit in Konotop, casualties reported
15:53
OPINION
Which train to Europe will Ukrine be in time for?
15:39
Exclusive
"Tough times ahead for Pokrovsk": Editor-in-chief of Suspilne. Donbas Kramchenkov
15:17
Iranian missiles to Russia shift Ukraine debate — UK Foreign Secretary Lammy
14:59
Ukrainian Foreign Ministry urges Hasidic pilgrims to refrain from travelling to Uman for Rosh Hashanah
14:44
“Direct threat to peace and stability”: Ukraine's Foreign Ministry condemns NK's missile launches
14:28
OPINION
Analogous to HIMARS or Iranian Smerch: What are Fath-360 missiles Russia might use against Ukraine soon?
13:59
Exclusive
Russian counteroffensive in Kursk: not the success claimed, expert says
13:47
OPINION
“Peacekeeping marathon”. What is really happening?
13:19
President of Estonia Alar Karis arrives in Kyiv
12:55
Russia cuts off water supply to Pokrovsk, no restoration possible: officials urge evacuation
12:34
U.S., EU concerned about China transferring dual-use goods to Russia for warfare
12:14
Exclusive
Ukraine debate between Harris, Trump return U.S. to international politics - Journalist Gypson
11:52
Britain to allow Ukraine to use Storm Shadow missiles for strikes on Russia – media
11:30
Canadian Film Festival refuses to cancel screening of propaganda film Russians at War
11:13
How Kazakhstani shell company aids Russian military in servicing Su-30SM aircraft with French equipment
10:47
Exclusive
Russia maintains pressure in Kupyansk sector while protecting equipment – 14th Mechanized Brigade
10:18
Lithuania urges targeting Russian drones following UAV incident in Latvia
09:56
Ukrainian Defence Intelligence downs Russian Su-30SM aircraft over Black Sea: Video
09:42
Russia loses 630,000 troops since beginning of full-scale invasion of Ukraine
2024, Wednesday
11 September
21:20
UK announces $780 million aid package for Ukraine
21:00
Ukraine takes center stage at Trump-Harris presidential debate – U.S. journalist
20:45
Exclusive
Russian military begins to understand its strengths, weaknesses - Ukraine’s 3rd Brigade spokesman
20:22
Iran’s Fath-360 missile shipment to Russia: route, dates, numbers revealed
20:00
Exclusive
Iranian surface-to-surface ballistic missile Fateh-110. Defense Express
Russia could receive Iran's technologies to increase strikes on Ukraine - Defense Express
19:42
Exclusive
"Let them think they are safe": Ukrainian Navy on Russian warships in Novorossiysk
19:19
Russia commits 137,000 war crimes in Ukraine - Zelenskyy
19:00
Exclusive
Russia's forces outnumber Ukraine’s troops in Kursk region, military expert reveals
18:41
Russia attacks in 9 frontline areas: most active in Pokrovsk, Kurakhove directions
18:20
Russian counteroffensive starts in Kursk region, Ukrainian military expert comments
17:58
Ukraine’s deep strikes into Russia: how Western media duplicates Russian propaganda narratives
17:34
Ukraine traces route of Russian missile that struck children's hospital in Kyiv
17:16
ATACMS missile targets include more than Russian military airfields - Ukraine’s Defense Ministry
16:55
Kremlin displeased with Putin’s image being used in U.S. domestic political disputes
16:31
Latvia sends new military aid package to Ukraine
16:07
International law demands Crimea’s return to Ukraine - Erdoğan
15:45
West pushes Ukraine to create Plan B for war with Russia - media
15:31
Exclusive
Harris slyly pushes Trump's ego: Ukrainian Congressional Committee of America spokesperson on debate
15:20
Exclusive
September 4-11 live war map: Ukrainian army breaks out of encirclement, hunts for Iranian missiles, launches local counterattacks
15:01
Russia's Murmansk region reports drone attack: two airports closed
More news