Prime Minister of Ukraine Arseniy Yatsenyuk and Prime Minister of Turkey Ahmet Davutoglu has instructed his Ministers to reopen negotiations on establishing a free trade area (FTA), writes Interfax-Ukraine.
«Negotiations on free trade zone between Ukraine and Turkey were suspended back in 2013. We jointly give instructions to our ministries to start technical consultations on the resumption of the negotiation process concerning creating a free trade area, which will be held in March», — said Yatsenyuk at a joint meeting with Davutoglu press conference in the Cabinet on Monday, February 15.
Yatsenyuk also suggested the Turkish side to consider further investment in energy and infrastructure projects in Ukraine, including gas. He noted that this is the first winter, when Ukraine did not buy Russian gas after 1 January.
The Ukrainian Prime Minister thanked for granting Turkey a five-year loan of us $ 50 million.
«The signing of the loan by 50 million. Turkey has demonstrated that it supports economic reforms in Ukraine», – said Yatsenyuk.
Ukraine and Turkey plan to 2018 to bring the trade turnover to 10 billion dollars, Davutoglu said.
«We plan to 2018 to bring the trade turnover to $ 10 billion. Although the rate of turnover fell slightly,» said the head of the Turkish government.
As reported, the Deputy Minister of economic development and trade – trade representative of Ukraine Nataliya Mykolska 16 December 2015, reported that during the 10th WTO Ministerial conference in Nairobi (Kenya) the delegation of Ukraine and Turkey have agreed on the next round of negotiations to conclude the FTA in early 2016.
According to her, the parties agreed to hold a meeting of the intergovernmental Commission in the first quarter of 2016, if possible, to refrain from the use of restrictive measures, to work at the expert level offers to increase trade turnover and investment projects in agriculture, aviation, IT.
Yatsenyuk and Davutoglu resume negotiations on FTA between Ukraine and Turkey 15.02.2016