Israel's president has arrived in Kyiv / Photo from UNIAN

"We have agreed to significantly broaden economic cooperation," Poroshenko said in his press statement following the negotiations in Kyiv on Tuesday.

"We have agreed to speed up negotiations on concluding the FTA agreement, which is the only mutually beneficial anti-crisis measure. I am sure that we will demonstrate progress in this issue soon," he said.

The parties also agreed to promptly conduct the next session of the Ukraine-Israel Joint Commission for Trade and Economic Cooperation.

Read alsoUkraine, Israel to hold third round of free trade talks soon"I expect our delegations to reach progress in further liberalization of air connection between our countries. We must get rid of any obstacles Ukrainian and Israeli companies may face. We have also agreed to initiate practical cooperation in research and engineering, tourism and agriculture. Ukrainians are particularly interested in the experience of Israel in irrigation farming," Poroshenko said.

The Ukrainian president also invited Israeli investors to participate in large-scale privatization scheduled for 2016-2017 in Ukraine.

Poroshenko also briefed his Israeli counterpart on the development of relations with the European Union, inter alia, in the context of the visa-free regime and implementation of the Association and FTA Agreement.