Ukraine Turkey Free Trade Agreement

The free trade agreement between the Government of Ukraine and the Government of Montenegro was signed in Kiev on 18 November 2011 and ratified by Ukrainian Law No. 5445-VI of 16 October 2012; Effective January 1, 2013. This agreement deals with trade in goods, services and dispute resolution. In accordance with the provisions of the agreement after it enters into force, Montenegro provides for the abolition of import duties. In order to avoid possible negative consequences for Ukraine`s economy, the Ukrainian side has excluded, as part of the agreement, a number of sensitive groups of agricultural products from the free trade area. Ukraine`s right to apply export duties, in accordance with existing WTO obligations, is also maintained. Zelenskiy said the agreements have opened the door to “new possibilities.” Ukraine has a free trade agreement with the European Free Trade Association (EFTA), the CIS and Montenegro, Macedonia, Georgia, Azerbaijan, Uzbekistan, Tajikistan and Turkmenistan. “Me and my friend Mr Zelenskiy are on the same side,” he said. “We agree with Mr.

Zelenskiy that negotiations for a free trade agreement between our countries should be concluded quickly.” “The agreement must balance our economies, which are already gradually coming together,” he said. “It is clear that the results of previous agreements are being taken into account. So this is a new document on which we are beginning to agree,” said the Ukrainian Trade Representative. The following agreements have been replaced by the EU-Turkey customs union: this page lists the free trade agreements signed by Turkey. [1] In 1995, Turkey signed a customs union with the European Union for products other than agricultural products and services. Since 2018, the EU has been Turkey`s main trading partner, with 50% of its exports and 36% of its imports. “We are aiming for $10 billion in bilateral trade with Ukraine,” Erdogan said Friday at a news conference with his Ukrainian counterpart, Wolodymyr Zelenskiy, at the Ankara presidential complex. “In fact, we are working not to lose that momentum. In this context, we have also found a mutually beneficial formula for the transport of cargo by trucks that play an important role in trade between the two countries.

Right now, they are operating unhindered,” the Ukrainian ambassador to Turkey said. CIS Free Trade Agreement (member countries: Ukraine, Azerbaijan, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Moldova, Russian Federation, Tajikistan, Turkmenistan, Uzbekistan) signed on 18 October 2011 and ratified by Ukraine on 13 July 2012. The President believes that the implementation of joint projects and the liberalization of bilateral trade will facilitate the release of this potential. According to him, the next round table is scheduled for mid-October. Prior consultations will be held with representatives of the Ukrainian business community on the agreement, its characteristics and benefits for the development of trade and economic relations between Ukraine and Turkey. A possible free trade agreement between Turkey and Ukraine would be the icing on the cake amid fratern relations already, said Burak Pehlivan, president of the International Association of Ukrainian Enterprises (TUID). “Despite the pandemic, reciprocal trade between Ukraine and Turkey increased by 10% in the first four months of this year,” he said. He recalled that the leaders of the two countries had set a target of $20 billion in trade. He said that the turnover between Ukraine and Turkey could reach 10 billion dollars. According to the Turkish President, the achievement of this objective is quite real.