Ukraine, Turkey aim to increase bilateral trade up to USD 10B a year

Finance Minister of Ukraine Serhiy Marchenko said this in an interview with Turkey’s Anadolu Agency, the press service of the Ukrainian Finance Ministry reported.

"Ukraine and Turkey have moved from usual relations of neighboring countries to strategic partnership ... The indicators of mutual trade confirm this. Turkey is the fourth global market for Ukrainian exports and the sixth partner in terms of trade. In 2019, bilateral trade amounted to USD 5 billion. For nine months of 2020, it reached USD 3.7 billion," Marchenko said.

At the same time, he noted that the presidents of the two states had repeatedly voiced an ambitious goal – to increase the volume of bilateral trade to USD 10 billion. Therefore, according to the minister, there is an enormous potential for the growth of economic partnership, which is also confirmed by statistics: the volume of Ukrainian-Turkish trade turnover in 2019 increased by 22.3% compared to 2018.

As Ukrinform reported, Ukrainian exports in 2020 amounted to USD 49.3 billion, which is 1.7% lower than in 2019.

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