Free Trade Agreement Between Turkey and Ukraine Enters into Force
While the Free Trade Agreement aiming to increase the trade volume between the two countries to 10 billion dollars has entered into force, customs duty regulations will begin next year.
The Free Trade Agreement signed between Turkey and Ukraine on February 3, 2022, officially entered into force as of October 1, 2026.
Effective Date and Objectives of the Agreement
The Turkey-Ukraine Free Trade Agreement officially entered into force on October 1, 2026, marking the beginning of a new era in commercial relations between the two countries.
With this agreement signed between the two countries, it is targeted to increase the trade volume to 10 billion dollars in the short term.
Timing of Customs Duties and Regulations
It was announced that customs duty regulations regarding trade in goods will start to be applied as of January 1, 2027.
The regulations made will contribute to the continuation of trade between the two countries under more predictable rules under current conditions.
Comprehensive Sectoral and Commercial Regulations
Prepared by taking into account the sensitive sectors of the parties, the agreement covers many different areas in addition to trade in goods.
The text includes important regulations regarding services, investments, e-commerce, trade facilitation, and customs cooperation.
Transportation and Competitive Advantage
Regulations aimed at carrying out bilateral and transit transportations between Turkey and Ukraine without quotas will support commercial flows.
By offering preferential trade opportunities to businesses during Ukraine's EU integration process, an advantage will be provided against third-country suppliers.