On Tuesday, 14 July, the Verkhovna Rada of Ukraine ratified the Free Trade Agreement (FTA) between Ukraine and the Republic of Türkiye, which was signed in Kyiv on 3 February 2022. The relevant draft law was approved by 236 Members of Parliament.

The decision has been officially recorded in the draft law’s file on the website of the Verkhovna Rada of Ukraine.

The Free Trade Agreement provides, among other things, for Türkiye to eliminate import duties on approximately 93.4% of industrial goods and 7.6% of agricultural goods originating from Ukraine. Following transitional periods of three to seven years, Ankara will also abolish import duties on an additional 1.5% of industrial goods and 28.5% of agricultural goods.

For its part, Ukraine will eliminate import duties on approximately 56% of industrial goods and 11.5% of agricultural goods originating from Türkiye. After transitional periods of two to five years for industrial goods and two to ten years for agricultural goods, Ukraine will further eliminate import duties on an additional 43.2% of industrial goods and 53.7% of agricultural goods.

Türkiye ratified the Free Trade Agreement with Ukraine on 2 August 2024.