One of the important tasks of the Ukrainian Ministry of Foreign Affairs is to provide diplomatic assistance and assistance in negotiations for bilateral and multilateral free trade agreements (free trade agreements). The free trade agreement between Ukraine and the EFTA states (Switzerland, Norway, Iceland and Liechtenstein) was signed in Reykjavik, Iceland, on 24 June 2010; ratified by Ukraine`s Law 4091-VI of 7 December 2011 and came into force on 1 June 2012. This agreement covers trade in goods (industrial, agricultural, fish and sea production), services and dispute resolution. Given the difference between the levels of economic and social development between Ukraine and EFTA member states, the agreement is the principle of the parties` asymmetric commitments, which allow Ukraine to adapt its trade with EFTA countries to free trade conditions. CIS Free Trade Agreement (member countries: Ukraine, Azerbaijan, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Moldova, Russian Federation, Tajikistan, Turkmenistan, Uzbekistan) signed on 18 October 2011 and ratified by Ukraine on 13 July 2012. „We are aiming for $10 billion in bilateral trade with Ukraine,” Erdogan said Friday at a news conference with his Ukrainian counterpart, Wolodymyr Zelenskiy, at the Ankara presidential complex. The free trade agreement between the Government of Ukraine and the Government of Montenegro was signed in Kiev on 18 November 2011 and ratified by Ukrainian Law No. 5445-VI of 16 October 2012; Effective January 1, 2013. This agreement deals with trade in goods, services and dispute resolution.
In accordance with the provisions of the agreement after it enters into force, Montenegro provides for the abolition of import duties. In order to avoid possible negative consequences for Ukraine`s economy, the Ukrainian side has excluded, as part of the agreement, a number of sensitive groups of agricultural products from the free trade area. Ukraine`s right to apply export duties, in accordance with existing WTO obligations, is also maintained. The two countries signed military cooperation agreements on the sidelines of the visit, strengthening their defence partnership, which has been strengthened in recent years. „The free trade agreement (FTA) to be signed between the two countries aims to deepen economic and trade relations,” Pekcan said, adding that this would be an important step in achieving the volumes of trade sought. „The agreement must balance our economies, which are already gradually coming together,” he said. „We have reviewed the steps we need to take to develop trade and economic cooperation. Finally, it is time to complete the process of negotiating the free trade agreement, which has been under negotiation for many years,” said the Turkish President. Bilateral free trade agreements between Ukraine and Azerbaijan (ratified on 12 July 1996), Uzbekistan (04 November 1995), Tajikistan (06 July 2001) and Turkmenistan (05 November 1994) are also applicable. Ukraine`s main trading partners in the CIS are the Russian Federation, Belarus, Moldova and Kazakhstan.
He said a free trade agreement would be a great boost for the flourishing relations between Turkey and Ukraine.