Turkey has ratified a free trade agreement with Ukraine, Anadolu quoted the country’s official newspaper as saying on Friday.
The agreement was signed on Feb. 3, 2022, and President Recep Tayyip Erdogan approved the deal and its annexes on Thursday.
Turkey-Ukraine bilateral trade volume in 2023 totaled $7.3 billion, Turkish Trade Minister Omer Bolat said Thursday after meeting with Ukraine’s First Deputy Prime Minister Yulia Sviridenko.
According to him, the trade volume is expected to increase to $10 billion within a short period of time under the said agreement.
The main areas of trade between the two countries are ferrous metallurgy, machine building, energy, automobile and grain.
