KIEV - Turkey and Ukraine signed on Thursday the protocol of the fourth term Joint Economic Committee (JEC) meeting.
Ukrainian Deputy Prime Minister Dmytro Tabachnyk and State Minister Kursad Tuzmen signed the protocol.
Tabachnyk said that both sides worked in mutual understanding and noted that the two sides laid the foundation of future's cooperation between the two countries.
Stating that investments in iron-steel, chemical industry and construction materials were brought onto the agenda, Tabachnyk said that they reached consensus on preparation of investment projects for setting up free trade zones in both countries.
Tabachnyk said that steps were taken to sign many agreements during Prime Minister Recep Tayyip Erdogan's visit to Ukraine at the beginning of April.
Tuzmen in his part said that bureaucratic problems on Eximbank's 20 million U.S. dollars of loan which would be used in exports to Ukraine were solved and stated that the two countries reached consensus on transformation of Black Sea into free trade zone in the future.
He noted that Turkey supported Ukraine's membership to the World Trade Organization.
Stating that the two countries decided to further improve cooperation in all sectors especially in iron-steel, chemical industry and food sector in meetings, Tuzmen said that they also discussed cooperation agreement aiming at supporting small and medium scale enterprises (SMSEs) with formation of the iron-steel working group in the meeting.
(EÖ-AY) 26.02.2004