FTA agreement with Turkey sets zero duty on 95% of Ukrainian goods - PM Shmyhal

"In general, the Turkish market is completely open for 95% of Ukrainian goods," Shmyhal said, when commenting on the signing of the FTA agreement with Turkey, an Ukrinform correspondent reported.

According to the Prime Minister, the agreement will exempt more than 10,000 Ukrainian goods from export duties, whereas export duties for more than 1,300 products will be decreased significantly, in some cases – by 30 times.

Shmyhal also stressed that the agreement with Turkey opens the market for Ukrainian metal producers, which is very important for the Ukrainian industry.

Overall, Shmyhal said that the signed agreement would help Ukraine and Turkey to achieve more than $10 billion in trade turnover within the next five years, whith an expected growth of $300 million annually.

In addition, due to the FTA agreement with Turkey, the Ukrainian business will save more than $370 million annually on customs duties.

As reported, Ukraine and Turkey signed the FTA agreement on February 3.

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