Ukraine-Turkey Free Trade Agreement Ratified, Marking Milestone in Bilateral Cooperation
The Ukrainian parliament ratified a free trade agreement with Turkey on July 14, 2026, concluding nearly two decades of negotiations. The deal, signed in February 2022, aims to boost bilateral trade toward a $10 billion target. It features phased tariff liberalization: Turkey will immediately eliminate tariffs on 93.4% of Ukrainian industrial goods and 7.6% of agricultural products, while Ukraine will lift tariffs on 56% of Turkish industrial goods and 11.5% of agricultural products, with longer transition periods for sensitive sectors. The agreement enters into force amid Russia's full-scale invasion, which has reversed Ukraine's traditional trade surplus and shifted export composition toward raw commodities like grain and sunflower oil. A special clause allows both sides to review provisions after ratification. The deal is expected to encourage Ukrainian processing capacity but poses risks for Ukrainian industries facing high energy costs and wartime disruptions.
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