UKRAINE simplify the trade with Turkey
After several years of hesitation Ukraine to launch talks on a free trade zone with Turkey. The government expects that this liberalization will increase bilateral trade by 2.5 times. Most of all, it will benefit Ukrainian metallurgists and chemists, while light industry will be seriously jeopardized.
This writes Kommersant-Ukraine in the publication `area #39;of attention.
Already this year, Ukraine will begin negotiations on a free trade area (FTA) with Turkey. Said yesterday the Ukrainian Ambassador to Turkey Sergey Korsun. According to the diplomat, the first round will be held in December, and the whole negotiation process can take up to two years. `Some products require a special approach. In particular - agricultural products, metals, fertilizers `, - said Mr.
Korsun.
According to a source publication in the Ministry of Economy, the final decision on this issue was influenced by the fact that Ukraine has a positive balance of bilateral trade with Turkey.
According to the Ukrainian Embassy in Turkey, the main items of Ukrainian exports are metal, coal and fertilizer, while in Turkey imported textiles, engineering products, household chemicals, and agricultural products.
Earlier, the government stated that the creation of an FTA with Turkey will have a few years to increase the bilateral trade to $ 10 billion, and by 2020 reach a level of $ 20 billion
Manufacturers continue to evaluate the feasibility of such a controversial liberalization. #39;Given the fact that Turkey is highly developed light industry, free trade area - a very big threat to us. Moreover, it is difficult to say who will win from it, except the steel industry, which will facilitate access to the Turkish market. Other branches are simply offered to suffer for the sake of Ukraine `- said the chairman of the Ukrainian Association of Light Industry Ukrlegprom Valentine Izovit.
