This article discusses the latest plans of the #Ministry of Economic Development and Trade of Ukraine to organize business and trade platforms for #economic cooperation between Ukraine and other countries.
Visit our website if you are interested in #doing business in Ukraine or looking for new #investment opportunities.
The Deputy Minister of Economic Development and Trade of Ukraine, who is also the Trade Representative of Ukraine, announced that in 2016 Ukraine will send trade missions to Poland, Turkey, China and India in order to intensify business relations between Ukraine and the respective countries. Such trade missions will comprise of several ministers and representatives of Ukrainian business.
In addition, it was announced that the joint Ukrainian-Iranian trade commission will be launched in March 2016. Ukraine views Iran as valuable business partner and aims to export to Iran its agricultural goods and industrial equipment. The main aim of such Ukrainian-Iranian trade commission is to inform business parties about peculiarities of Iranian and Ukrainian market functioning.
We note that in 2015 Ukraine was trading with 217 countries. Diversification of trade partners seems to be the latest trend in the Ukrainian economy. Following launching of EU-Ukraine free trade zone from 01 January 2016, Ukraine also announced its plans to conclude similar free trade zone agreements with Canada, Israel and Turkey in 2016.
In addition, Ukraine aims to strengthen its business and trade cooperation with China through implementation of a new trade route between Ukraine and China, which is designed for transportation of goods avoiding the territory of the Russian Federation. On 15 January 2016, the first cargo was loaded on a ferry in the Ukrainian port of Illichivsk to be transported to China via Black and Caspian seas and railway routes through Georgia, Azerbaijan and Kazakhstan. It is expected that the cargo would reach the Chinese border within 11-12 days. The governments of the respective countries agreed to establish preferential tariffs for transit of cargo on the New Silk Road.