Fidan’s Ukraine Visit Signals Momentum for Turkey‑Ukraine Trade

Turkish Foreign Minister Fidan’s trip to Kyiv aims to deepen commercial ties following the entry of the Turkey‑Ukraine Free Trade Agreement (FTA) into force.

A Fresh Trade Breeze

■FTA approved on 3 Feb 2022, targeting $10 billion in trade

■Bilateral trade rose from $6.2 billion in 2024 to $6.6 billion in 2025

■Turkish exporters will compete on equal footing with EU counterparts

New Market for Local Firms

■Turkish companies eye new investments and reconstruction projects in Ukraine

■FTA removes tariff and pricing barriers, opening up markets

■The $10 billion trade target could trigger positive signals in Borsa Istanbul equities

Geopolitical Limits and Financial Repercussions

■Fidan stressed that targeting maritime vessels in the Black Sea is unacceptable

■Turkey’s stance on Crimea and support for Crimean Tatars may bolster regional stability

■Post‑NATO summit diplomatic moves could indirectly affect energy and defence sectors

Economic Outlook and Market Response

■Effective FTA will accelerate trade flows between Turkey and Ukraine

■Opening new markets may lift performance of export‑centric stocks in Borsa Istanbul

■Growing cooperation in energy and defence could broaden growth prospects for industrial firms

Markets may view this development as a positive signal for Turkey‑Ukraine trade. The activation of the FTA could create upside potential for Turkish firms in the Borsa Istanbul. Achieving geopolitical stability will also strengthen investor confidence by reducing regional risks.