15:30 15.03.2017

Ukrainian PM, Turkish president agree on implementation of some economic projects

2 min read
Ukrainian PM, Turkish president agree on implementation of some economic projects

Staying in Ankara with an official visit Ukrainian Prime Minister Volodymyr Groysman has reached concrete arrangements with President of Turkey Recep Tayyip Erdogan to step up economic cooperation of the two countries, in particular, to implement concrete projects, the press service of the Cabinet of Ministers of Ukraine has reported.

"Stepping up cooperation between the two countries in the trade and economic sphere is one of the key preconditions for successful development of strategic partnership," Groysman said. He said that the signing of the free trade agreement (FTA) by Ukraine and Turkey on the mutually beneficial conditions would help to stir up trade, the press service reported late on Tuesday.

It is of the utmost importance to sign the renewed agreement to avoid double taxation and an agreement on reciprocal protection of investment, Groysman said.

He also said that the 11th meeting of the bilateral intergovernmental commission for trade and economic cooperation is to be held by late 2017 in Ankara.

The parities paid special attention to cooperation in defense industry and aerospace industry.

Groysman said that Ukraine has a closed-loop production cycle of passenger and transport aircrafts. The experience of manufacturing An-148/158 aircraft may be used in the project on creation of a Turkish medium haul aircraft.

The Ukrainian prime minister called on Turkey to deepen cooperation in the energy sector, in particular to attract Ukrainian companies to construction and modernization of gas storage facilities.

"The focus of the talks was partnership in the transport sector. The top officials of the two states decided to expand the network of airline routes connecting the two countries, including opening new flights from Ukraine to the tourist centers of Antalya and Izmir," the press service said.

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