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Turkey to sign free trade agreement with Ukraine this year
12.07.2017 10:14 "Agro Perspectiva" (Kyiv) —
While speaking within the meeting of the International Turkish Ukrainian Businessmen Association (TUID) in Kyiv yesterday, Turkish Deputy Economy Minister Fatih Metin said a free trade agreement between Turkey and Ukraine would be signed by the yearend, Ukrinform says referring to the Anadolu News Agency report.
«As to Metin, the free trade agreement between Turkey and Ukraine is being drafted, but the sides have already agreed on most points of the document,» the report reads.
As to Metin, negotiations on the agreement are being delayed due to a significant difference in the cost price of industrial goods in Ukraine and Turkey.
Metin also said that the trade turnover between the two countries had fallen in recent years due to the political crisis in Ukraine.
«But Turkey and Ukraine have a sufficient potential for growth in trade,» Metin admitted.
As to the report, the meeting was also attended by Ukrainian Deputy Minister of Economic Development and Trade Mykhailo Tytarchuk and Turkish Ambassador to Ukraine Yonet Can Tezel.
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