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TURKEY-UKRAINE -Turkey-Ukraine to sign free trade agreement.

KIEV, Jan 25, 2011 (TUR) -- Turkish Premier Recep Tayyip Erdogan said that Turkey and Ukraine would sign a free trade agreement.

We have decided to sign a free trade agrement as well as to lift visa and sign a readmission agreement with Ukraine, added Erdogan who spoke joint meeting of Turkey-Ukraine Business Council and Business Forum in Kiev on Tuesday.

Noting that Turkey-Ukraine trade volume was 1.3 billion USD in 2002, 8 billion USD in 2008, and dropped to 4 billion USD in 2009 due to global crisis, Erdogan said that 2010 would be closed with 5 billion USD according to figures of November.

Erdogan said that Turkish companies undertook 128 projects worth of 3 billion USD in Ukraine so far.

Noting that Turkey and Ukraine were two key countries in transportation sector, Erdogan said that the two countries signed an agreement about railways, and assessments were under way about a ferry route between the two countries.

Erdogan said that Turkey hosted 750,000 Ukrainian tourists in 2010, adding that the total tourist number who visited Turkey last year was 28.5 million.

Meanwhile, Ukrainian President Viktor Yanukovych, who also attended the meeting, said that Turkey was one of the biggest 20 economies of the world, and he expressed pleasure that Ukraine was one of the most important trade partners of Turkey.

We aimed to increase trade volume between the two countries to 10 billion USD as soon as possible, but Mr. Erdogan set the target as 20 billion USD, and we will do our best to realize this figure, said Yanukovych.

Noting that Ukraine and Turkey were located on connection roads, Yanukovych said that transportation was one of the most important cooperation areas for the two countries.

Also, cooperation in energy area is important too in strategic aspect, he added.

We can cooperate in construction of energy facilities and transfer of electricity energy, said Yanukovych.

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Publication:Anadolu (Eskisehir, Turkey)
Geographic Code:4EXUR
Date:Jan 25, 2011
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