Ukrainian-Chinese Cooperation in 2020

On February 3, 2020, in the framework of the visit of the President of Turkey, Mr. Recep Tayyip Erdogan to Ukraine, the Ukrainian-Turkish Business Forum was held at the CCI of Ukraine.

The forum was attended by Presidents of both countries, diplomatic missions of Turkey in Ukraine, foreign companies, representations of foreign companies in Ukraine, a number of ministries, regional state administrations.

The Forum provided an opportunity to discuss interesting issues of bilateral cooperation and prospects for further cooperation, in particular the issue of signing a Memorandum on the FTA, which will help to highlight the most promising and controversial sides of this agreement from an informational point of view.

For the last 12 months, this is the fifth Ukrainian-Turkish business forum with the participation of CCI and Turkish partners: the Union of Chambers and Exchanges of Turkey (TOBB), the Turkish Foreign Economic Council (DEiK), the Turkish-Ukrainian Business Council, the Turkish-Ukrainian International Association businessmen (TUID).

Ukrainian business sees the possibility of further intensifying cooperation with Turkish businessmen in such sectors as agro-industrial complex, IT, machine building, tourism, logistics.

Almost 600 Turkish companies have already invested more than $ 3 billion in Ukraine. According to the State Statistics Service of Ukraine, as of June 1, 2019 TR invested $ 314 million in the economy of Ukraine. Turkish investments were directed into real estate operations (32.8%), industry (17.7%), wholesale and retail trade (15.8%), administrative and support services (13.8%).

“The business gathered at the forum today is the driver of our countries’ economic partnership. Ukraine and Turkey have agreed today to accelerate work on the text of the Free Trade Agreement and to enliven the cooperation in the transport, energy and aviation sectors. We have a very ambitious goal – to increase bilateral trade to $ 10 billion, and we are moving towards its realization, “said President of Ukraine Volodymyr Zelensky.

“Ukraine is a strategic partner for Turkey. The private sector is the engine of the economy. Business needs to work, and we will work towards elimination of the bureaucratic obstacles in its path. We aim to double our turnover by 2023. The signing of the FTA will help it grately, ”said Turkish President Recep Tayyip Erdogan.