Russia and Turkey signed the application for removal of trade restrictions
Russia and Turkey signed a Declaration on mutual elimination of trade restrictions. On Monday, may 22, reports TASS.
Signatures under the document was signed by the chairmen of the governments of the two countries, Deputy Prime Minister and Mehmet Simsek.
At the ceremony in Istanbul was attended by Prime Minister of Russia Dmitry Medvedev and his Turkish counterpart Binali Yildirim.
May 4 Turkey lifted restrictions on the import of wheat from Russia. Ankara has excluded Russia from the list of countries importing agricultural products free of duty, at the request of local companies that did not suit Moscow’s ban on imports of some products (e.g. tomatoes).
According to the Russian Ministry of agriculture, the size of the import customs duties for wheat and corn was 130 percent, rice 45%, legumes — 9.7%.
A day earlier, Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan during a meeting in Moscow have agreed on the easing of restrictions in economic relations between the two countries. The restrictions in respect of deliveries to Russia of the tomatoes were saved.
From 1 January 2016, Russia has introduced an embargo on agricultural products from Turkey. It was a response to the incident in the skies of Syria, when a Turkish fighter jet shot down a Russian bomber.
Relations between Moscow and Ankara began to recover in the middle of last year, after Turkey’s President apologized to the Russian side. After that, the Russian sanctions began to weaken.