Turkey, Ukraine eye $20 billion in trade volume

Published 15.03.2017 00:00
Updated 15.03.2017 00:28

Prime Minister Binali Yıldırım held a joint press conference with Ukrainian Prime Minister Volodymyr Groysman following their meeting at the Çankaya Mansion.

Noting that they regard this visit to be very special, Yıldırım said with the agreement on passport-free travel between Turkey and Ukraine, activities on tourism, economy and mutual investment between the two countries will develop much more rapidly, and that it will serve as a starting point in order to reach the targeted $20 billion in trade volume.

"We discussed the developments, problems and opportunities in the relations between Turkey and Ukraine, especially in economy, trade, and tourism during our talks with Mr. Prime Minister [Groysman]. The relations between Turkey and Ukraine have the potential to improve further in each field," Yıldırım noted.

Stressing that they will focus on three important objectives this year, namely a free trade agreement, the protection of mutual investments and agreements on the prevention of double taxation, Yıldırım said a certain potential is present regarding collaboration in the aviation sector as well as collaboration in the education field.

Yıldırım said he knew that Groysman was interested in hearing about the problems of Turkish investors in Ukraine, and that the issues and concerns have been brought to the attention of the Ukrainian prime minister during the meeting.

Prime Minister Yıldırım also noted that tourism cooperation between the two countries is gaining momentum and highlighted the need for additional flights, on which the relevant authorities will work on.

Likewise, Ukrainian Prime Minister Groysman emphasized Ukrainians' interest in Turkish tourism, saying that some 1 million Ukrainian nationals visit Turkey every year. Groysman pointed out that mutual travels will increase and new flight opportunities can be generated.

Touching on the significance of signing a cooperation agreement on education, Groysman said economic relations can also be improved. He said they will agree on three important documents this year, adding that these will concern a free trade agreement, the safeguarding of mutual investments and the prevention of double taxation. Groysman also noted that a cooperation agreement could be signed on joint aircraft production, indicating that this would receive global support.

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