Today, on April
12, the 11th meeting of the Ukraine-Turkey Intergovernmental Commission on
Trade and Economic Cooperation, co-chaired by First Vice
Prime Minister/ Minister of Economic Development and Trade of Ukraine Stepan Kubiv and Minister for
National Defense of Turkey Mr.Nurettin Canikli, wound
up in Ankara Turkey.
the meeting focused on expanding existing and creating new opportunities to
enhance trade between Ukraine and Turkey.
"One of the
most important common objectives is the completion of the negotiation process
on the conclusion of the Ukraine-Turkey Free Trade Agreement on mutually
beneficial terms. We
also devote substantial attention to improving investment opportunities for
Turkish business, which we urge to participate in privatization in Ukraine, as
well as to take an active part in projects in the sectors of infrastructure,
energy, agriculture, industry, as well as education, science and culture",
stressed Stepan Kubiv.
He added that among
the new rather beneficial opportunities is the trade cooperation Turkey - Qatar
- Azerbaijan - Georgia - Ukraine. This
cooperation will open up new opportunities for manufacture of high value-added
products, facilitate to expand transport flows, in particular, intensify
cooperation in the oil and gas industry, including the development of a
Ukrainian-Qatari-Turkish working group responsible for elaborating mechanisms
and routes for the supply of liquefied natural gas from Qatar in Ukraine.
Stepan Kubiv noted that in 2017, Turkey ranked third among
Ukraine's trading partners in terms of exports of goods (5.8% of total exports
of goods from Ukraine) and first among the countries of the Middle East in
terms of turnover with a 50% share. The
trade turnover made up $ 3.78 billion (a 20.1% increase against 2016), exports
- $ 2.52 billion (a 22.9% increase against 2016), imports - $ 1.26 billion (a 14.9
increase), a surplus of $ 1.26 billion (exceeded the showing of 2016 by $
cooperation in investment and PPP, IT, innovation, agriculture and food
industry, in veterinary, quarantine and plant protection, industry, certification
and standardization", Stepan Kubiv
He told that
among the positive aspects of the development of Ukrainian-Turkish economic
cooperation in the recent period, it should be noted a growing trend in Turkish
investment in the Ukrainian economy.
the focus market for Ukrainian exports in line with the Export Strategy. Therefore,
it is crucial to strengthen trade and economic cooperation, business-to-business
contacts, as well as to increase our export to the Turkish market, as it qualitatively
changes the country", said Deputy Minister of Economic Development and
Trade/Trade Representative of Ukraine Natalia Mykolska.
According to her,
the joint participation of Ukraine and Turkey in the Regional Convention
Pan-Euro-Med (Regional Convention
on pan-Euro-Mediterranean preferential
rules of origin (PEM Convention) will contribute to strengthening
trade and economic cooperation, industrial cooperation between the two
countries and growing exports to Turkey.
year exports of goods and services to Turkey amounted to $ 2.7 billion and grew
by $ 456.7 million as compared to 2016. We
must prolong activities aimed to intensify trade through existing and new tools",
noted Natalia Mykolska.
The meeting of
the Ukrainian-Turkish Intergovernmental Commission on Trade and Economic
Cooperation was also attended by representatives of the Ukrainian government
delegation, high-ranking officials of the Turkish Republic, experts and
business representatives from both countries.
meeting, Stepan Kubiv and Mr.Nurettin Canikli signed the Protocol, in which they recorded
the key arrangements and results of holding the meeting of the