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Ukraine negotiates free trade agreements with Turkey and Israel

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Staff writer ▼ | December 29, 2015
Ukraine is negotiating the creation of free trade zones with Turkey and Israel, Deputy Economic Development and Trade Minister Natalia Mikolskaya said.
Ukraine export
Trade talks   Natalia Mikolskaya said:
"Ukraine keeps moving ahead to free trade agreements with some countries. Colossal work has been carried out at bilateral meetings. We discussed with the Israeli and Turkish delegations on how the effective trade relations could be established," Mikolskaya said adding that "those markets are crucial for Ukrainian exporters of grain and oil-bearing crops."

Talks with Israel reaffirmed the sides' readiness to draft a free trade agreement, she said. Along with this, Kiev and Ankara were engaged in the negotiations that "imply substitution of Russian products by Ukrainian ones."

Earlier last week, Mikolskaya said that another round of talks between Ukraine and Turkey was scheduled for the beginning of 2016. "The next round of talks is to be held in Turkey at the beginning of 2016," she said.

For accelerating the business dialogue, Kiev is keen to organise a trade mission with participation of Ukraine's agriculture and food minister to meet with business people in Turkey's capital city and regions.

Ukraine's and Turkey's delegations agreed not to impose restrictive measures in trade if possible, she said. The sides also agreed to work out at experts' level the propositions aimed at boosting trade and at increasing quality of investment projects in the Ukrainian agricultural sector, aircraft construction and IT-industry.

Earlier in the week, President Petro Poroshenko made a two-day visit to Israel.