The free trade area (FTA) negotiations between Ukraine and Turkey have reached the final stage. According to the Minister of Foreign Affairs of Turkey, Mevlüt Çavuşoğlu, the agreement between two countries could be signed in the near future, reports Anadolu news agency.
“Negotiations with Ukraine are at the final stage. The free trade agreement with Ukraine may be signed in the near future,” said the head of the Turkish Foreign Ministry.
He noted that Turkey already has free trade agreements with twenty countries. Negotiations are continuing with other seventeen countries, including Ecuador, Thailand, Indonesia, and Japan.
In 2017, the total trade turnover between Ukraine and Turkey amounted to 3.78 billion dollars.
The free trade area negotiations between Ukraine and Turkey intensified after the signing of the Strategic Partnership Declaration in 2016.
During 2016-2017, a series of talks were held between the leaders of both states and governments. The FTA Agreement was expected to be signed before the end of 2017, but these projections did not materialize.