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"In 2015, Mr. Poroshenko and I announced our goal - to double, to triple by 2023 our trade turnover in order to reach a serious figure," Erdogan said.

"And today, taking into account the recent events, we decided to take our trade turnover to the tune of $10 billion as soon as possible," he said.

Read alsoPoroshenko-Erdogan talks extend to 3 hours"We must work very hard to bring the turnover to the desired level," the Turkish president said.

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As reported earlier, Ukraine and Turkey agreed on the abolition of double taxation.