Ukraine and Turkey significantly boost economic cooperation, – Deputy PM Svyrydenko on the outcomes of the visit to Istanbul

First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko took part in the working visit of the Ukrainian delegation to Turkey, during which the issues of strengthening cooperation between the countries in all directions were discussed.

As part of the visit, Yuliia Svyrydenko, together with First Lady of Ukraine Olena Zelenska, Head of the Office of the President Andrii Yermak, Deputy Head of the Office of the President Andrii Sybiga and Ambassador of Ukraine to the Republic of Turkey Vasyl Bodnar met with His All Holiness Ecumenical Patriarch Bartholomew.

“During the meeting, we expressed gratitude to His All Holiness for supporting the Ukrainian people with prayers and humanitarian aid since the first days of the large-scale invasion.

We also continue to develop the strategic partnership between Turkey and Ukraine in the economic sphere – at a meeting with the Minister of Trade of the Republic of Turkey Mehmet Muş in Istanbul, we outlined specific steps that will allow Ukrainian and Turkish businesses to intensify mutually beneficial cooperation.

Last year, we had a strong boost in trade between the countries – up to $7.4 billion. Trade in services increased to $1.14 billion: the import of services in 2021 grew more than twofold compared to 2020, while exports grew by more than a quarter. Now we have a decline due to the war, but the governments of Ukraine and Turkey are working to at least restore pre-war trade volumes,” said Yuliia Svyrydenko.

At the meeting with the Minister of Trade of the Republic of Turkey, the parties also touched upon the issue of strengthening cooperation in the economic sphere. In particular, it concerned speeding up the ratification of the Free Trade Agreement between Ukraine and Turkey, measures to help Ukrainian businesses in wartime conditions.

“We received strong signals regarding support for Ukraine, recognition of the sovereignty and territorial integrity of our state, Turkey’s readiness to strengthen cooperation and participate in the recovery of Ukraine,” Yuliia Svyrydenko summarized.