Ukraine, Turkey intensify talks on free trade area

11 November 2014 09:07

Ukraine and Turkey have agreed to intensify negotiations on the creation of a free trade area.

Ukrainian Foreign Minister Pavlo Klimkin said this at a joint press conference with his Turkish counterpart Mevlut Cavusoglu in Kyiv on Monday.

"We have agreed to actively hold talks on the creation of our future free trade area," Klimkin said, adding that Ukrainian-Turkish relations were strategic.

Cavusoglu, in turn, said that "the signing of a free trade agreement will bring our joint trade to new horizons." He said that in 2013 the trade turnover between the two countries amounted to $6.7 billion, which is "well below our potential."

He also said that a meeting of the Ukrainian-Turkish high-level strategic group was scheduled for the first quarter of 2015.