NEW PERIOD IN TURKEY-UKRAINE ECONOMIC RELATIONS
Turkey-Ukraine Business Forum was attended by Ukraine's Prime Minister Volodymyr Groysman, Turkey's Deputy Prime Minister Mehmet Şimşek, Ukraine's Economic Development and Trade Minister Stepan Kubiv, Ukraine's Deputy Prime Minister for Regional Development, Construction and Housing Gennadiy Zubko, Ukraine's Minister of Agrarian Policy and Food Taras Kutovyi, Ukraine's Minister of Education and Science Lilia Hrynevych, Head of Ukraine's Chamber of Commerce and Trade Gennadiy Chyzhykov, DEİK Executive Committee member Ebru Özdemir and DEİK/Turkey-Ukraine Business Council President Ruşen Çetin. The Forum was hosted by DEİK in Istanbul on March 15, 2017.
Ukraine's Prime Minister Volodymyr Groysman expressed that diplomatic relations of Turkey and Ukraine have exceeded 25 years. "Relation of Turkey and Ukraine is really good. With the agreement signed yesterday, citizens will have free access to each country with their national identity cards. Turkey and Ukraine can work on a large spectrum of fields comprising of aerospace technology and mining." There is an increase in the number of Ukrainian tourist to Turkey; we project a 3 billion USD revenue in tourism. He continued his words by saying "I believe in joint success; thus, agreements will be signed in a short time of period. Turkey is an innovative country with many opportunities, be bold and brave in your investments."
Turkey's Deputy Prime Minister Mehmet Şimşek, "We want to develop our relations with Ukraine, thus, we believe that Free Trade Agreement, Tax Agreement and Agreement on Mutual Protection will be key enablers. Trade volume in 2008 was 8 billion USD yet our joint target is 20 billion USD. In order to develop trade volume, we must invest and trade more. Now that both countries' citizens can travel with their national identity card, this will translate to higher investment and trade. Our companies are interested in bids. Turkey has been through hard times and it is open to future investment from Ukraine. Turkey and Ukraine will hold firm stance to expand Custom Union with the European Union".
DEİK Executive Committee Member Ebru Özdemir, expressed that Turkey gives great importance to relations with Ukraine and both countries share same vision. "Two countries complete each other geographically. Ukraine and Turkey are not only significant in Eurasia but also in Europe. Two countries' joint strategic vision will enable development and stability in the region. Economic and investment relations should develop more rapidly to reach 20 billion USD target by 2020. Legal infrastructure must be completed to ease economic and trade relations between Turkey and Ukraine. Free Trade Agreement needs to get signed. Cooperation will not only create a win-win situation for both countries but it will add value to the entire region. We need to get it done really fast."
DEİK/Turkey-Ukraine Business Council President Ruşen Çetin stated that Ukraine and Turkey complete each other, and both countries' traditions and lifestyles are similar.Mutual investments and trade should increase, Çetininvited Turkish entrepreneurs to invest in Ukraine and Ukrainan business people to Turkey.
Turkey-Ukraine Trade Figures (Ministry of Economy- 2016)
Turkish Export to Ukraine: 1.2 billion USD
Main Export items: Citrus, textile, motor vehicles, sunflower seeds
Turkish Import from Ukraine:2.5 billion USD
Main Import items: Iron and steel, soya bean, vegetable oils, basic metals
Trade Volume:3.8 billion USD
Trade Balance: 1.2 billion USD in favor of Ukraine
Foreign Economic Relations Board (DEİK)