A Turkey-Ukraine free trade pact would unlock big Turkish investments because Turkish companies want to produce in Ukraine

A Turkey-Ukraine free trade pact would unlock big Turkish investments because Turkish companies want to produce in Ukraine to sell to the EU and back to Turkey, which has a consumer market 10 times bigger than Ukraine’s, said Burak Pehilvan, chair of the International Turkish Ukrainian Business Association. Earlier this month, Ukraine and Turkey completed the 10th round of talks for a free trade pact. “Hopefully the Turkish FTA will be signed this year,” Pehilvan said. “After signing, Turkish companies will start green field investments in Ukraine.” Noting that Turkish Airlines has been blocked from flying to Dnipro and Ivano-Frankivsk, he also called for a Turkey-Ukraine ‘open skies’ regime.