In particular, the contract is under development, but most likely will be signed before the end of the year.

The corresponding statement was made by the Minister during the meeting of the Association of Turkish Businessmen in Ukraine in Kiev, Anadolu reports..

The meeting was also attended by Deputy Minister of Economic Development and Trade of Ukraine Mikhail Titarchuk and Turkish Ambassador Jonet Jan Tezel.

The free trade agreement between Turkey and Ukraine is still being developed, but the parties have already agreed on most of the paragraphs of the document, Metin said..

According to him, these negotiations are delayed due to the large difference in the cost of industrial goods in Ukraine and Turkey.

At the same time, the ambassador also stressed that in recent years the trade turnover between the two countries has decreased due to the political crisis in Ukraine.

"But Turkey and Ukraine have sufficient potential for growth in trade turnover," Metin added..

Recall, as reported by "URA-Inform", thanks to the free trade zone (FTA) between Ukraine and the European Union, the level of trade in the first quarter of 2017 increased by 30%.