Ukraine and Turkey will soon ratify the free trade agreement, the Ministry of Economy said, UNN reports.
Details
"The governments of both countries are ready to ratify the free trade agreement between Ukraine and the Republic of Turkey in the near future," the statement said.
As indicated, after the ratification of the agreement, wide opportunities for duty-free or partially duty-free trade between the countries will open up. The agreement will enter into force in early 2024, the Ministry of Economy said.
"The free trade agreement will also simplify logistics issues, promote the development of Ukrainian business in wartime, and open new prospects in Ukraine for our partners from Turkey. In addition, we will set up a working group on grain to discuss global and bilateral trade in the grain market," said First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko.
As a reminder, Ukraine signed a free trade agreement with Turkey on February 3, 2022.