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Ukraine and Turkey have broadened and deepened bilateral cooperation in a number of areas, as evidenced by the third meeting of the Ukrainian-Turkish High Level Strategic Council, which took place on Oct. 9, 2013 in Ankara, Turkey. The meetings were co-chaired by Ukrainian President Viktor Yanukovych and Turkish Prime Minister Recep Tayyip Erdogan, the Information-analytical Bulletin of the Cabinet of Ministers of Ukraine reads.
Experts say Ukrainian-Turkish cooperation has become strategic in nature. Both countries share several interests in the Black Sea region. Specifically, they are interested in ensuring democracy and market-oriented economic reforms in the countries of the region, expanding political freedoms, rule of law, respect for human rights and properly functioning market economies.
Given both countries’ favorable location and high transit ratio, experts say Ukraine and Turkey can work together to realize their potential, since both countries are key energy transit countries.
The diversification of energy sources, as well as the attraction and implementation of investments to improve energy security, are other areas of potential cooperation.
Experts say both sides are keen on increasing the volume of trade through development of transport and communication infrastructure and simplifying visa regime, which will help promote trade turnover, investment and tourism.
Both countries have taken steps to deepen cooperation in the social, humanitarian, scientific and technical spheres. Ukrainian enterprises and specialized research institutions in aviation, rocketry, manufacture of engines and turbines and nuclear power may become the platforms for co-operation and investments from Turkish companies.
Serious efforts are being made to preserve peace and security in the Black Sea region.
Ukraine and Turkey cooperate and collaborate in the fight against terrorism, organized crime and proliferation of weapons of mass destruction. The two countries cooperate on border security and work together to respond to emergencies and resolve conflicts.
Experts say bilateral trade between Ukraine and Turkey can expand. The volume of bilateral in 2012 increased 4.5 times from 2002. The governments of Ukraine and Turkey agreed on the short term goal to increase the volume of trade turnover to 20 billion USD by end of 2015.