Government supports draft law on ratification of free trade agreement with Turkey

Prime Minister Denys Shmyhal announced this in his Telegram message, Ukrinform reports.

"We supported the bill on the ratification of the free trade agreement between Ukraine and Turkey. Next, we will submit it to the Parliament," he wrote.

According to Shmyhal, Turkey is one of Ukraine's t five trading partners, so this agreement creates new portunities for Ukrainian business.

"Duties on a significant number of Ukrainian goods, including 93% of industrial goods, will be cancelled," the Prime Minister added.

At the same time, the government's permanent representative in the Verkhovna Rada, Taras Melnychuk, said in a Telegram message that the draft law proses to ratify the free trade agreement between the governments of Ukraine and Turkey signed on 3 February 2022 in Kyiv.

It is expected that the implementation of the agreement will contribute to the further develment of bilateral trade and economic coeration between the countries, allow domestic producers to benefit from the liberalisation of the Turkish goods and services markets and en up portunities for Ukrainian businesses to expand their sales markets, as well as to devel and modernise their own production.

Read also: Zelensky's visit to Turkey: Formula for peace and coeration

As Ukrinform reported, at the end of January this year, during a bilateral meeting of the delegations of Ukraine and Turkey headed by Vice Prime Minister for Reconstruction of Ukraine eksandr Kubrakov and Turkish Minister of Trade Omer Bat in Istanbul, a roadmap for the entry into force of the Free Trade Agreement was defined.