Ukraine-Turkey trade remained at pre-pandemic levels - ambassador

Ukraine-Turkey trade remained at pre-pandemic levels - ambassador

Ukrinform
Trade between Ukraine and Turkey in 2020, despite pandemic restrictions and slowdowns, has remained at pre-pandemic levels and amounted to about $5 billion, Ukraine's Ambassador to Turkey Andrii Sybiha has said.

He said this in his speech at the first constituent meeting of the Ukrainian part of the Ukrainian-Turkish Chamber of Commerce and Industry, according to an Ukrinform correspondent.

"Last year's turnover was about $5 billion. We have managed to maintain the levels of the pre-pandemic year. This is important," Sybiha said.

The diplomat also noted that trade between the two countries had been growing by about 10-15% for the last four years. He recalled that tourist flows from Ukraine to Turkey reached 1.5 million tourists before the pandemic and about one million tourists last year.

"We have reached such a level of strategic partnership, when every element of it works. We must convert the achieved level of political dialogue into concrete economic projects," Sybiha said, addressing Ukrainian business representatives.

He said the signing of a free trade agreement was promising for Ukrainian businesses.

"We are now on a very positive track of concluding a free trade agreement. It will contain important elements for Ukrainian businesses and its prospects will definitely be significant. Now we have $5 billion in turnover, and we clearly see that following the conclusion of the agreement, we will reach $10 billion very quickly," Sybiha said.

The diplomat also noted Turkey's opportunities to enter the markets of third countries, including the Middle East and Africa, Turkey's positive experience in implementing public-private partnership projects, and supplying value-added products.

According to him, work is now underway to reach agreements on providing soft loans to businessmen for the implementation of joint Ukrainian-Turkish projects.

The diplomat welcomed the establishment of the Ukrainian-Turkish Chamber of Commerce and Industry, the holding of the first constituent meeting of its Ukrainian part and the election of the governing body.

op


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-