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Ukraine’s Turkish Business Community Welcomes VIP Guest

Ukraine’s Turkish Business Community Welcomes VIP Guest

Ukraine’s rapidly expanding Turkish business community welcomed the President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Rifat Hisarciklioglu to a Kyiv dinner in September hosted by the Turkish-Ukrainian Business Association (TUID). The dinner marked an official visit by Mr. Hisarciklioglu that reflected the growing importance of bilateral business ties between the two Black Sea neighbors. TOBB ranks among the three largest business associations in the world, with approximately 1.5 million member companies. There was much to celebrate in Kyiv. In his role as Deputy Chairman of Eurochambers, Mr. Hisarciklioglu recently backed the election of Ukrainian Chamber of Commerce and Industry President Gennadiy Chizhikov to the Eurochambers Board. Turkey has emerged during the past decade as one of Ukraine’s key economic partners and principle investors. Bilateral trade between the two countries reached USD 4 billion in 2018. During a recent visit to Turkey, Ukrainian President Volodymyr Zelenskyy expressed optimism that a long anticipated Turkish-Ukrainian free trade agreement would finally come into force in the coming months, allowing trade volumes to expand beyond USD 10 billion annually.