Business news from Ukraine

CHINA INTENDS TO INVEST IN UKRAINIAN INDUSTRIAL PARKS

8 November , 2016  

KYIV. Nov 8 (Interfax-Ukraine) – China is interested in placing its production at Ukrainian industrial parks and has already provided the Ukrainian side with the corresponding plan of cooperation, Vice President of the China International Chamber of Commerce Lu Jianzhong has said.

“We see that the investment climate in Ukraine, as well as relations between Ukraine and China are improving. We hope that we will be able to take part in the development of industrial parks and attract Chinese investment via the Chinese Chamber of Commerce. We have provided our comments and our cooperation plan as for industrial parks to Ukraine. Ukraine is studying them,” he said at the Ukrainian Silk Road forum in Kyiv.

He did not specify what kind of proposals have been provided to the Ukrainian side, but stressed the Chinese business in “very interested” in Ukrainian industrial parks.

Trade representative of Ukraine Natalia Mykolska, in turn, during the forum said Ukraine will attract Chinese investors, demonstrating the benefits of free trade with the EU, Canada, the CIS, the EFTA countries and others.

“Ukraine can become a place of goods production with the participation of Chinese investments, know-how and technology for the delivery to a number of markets, with which Ukraine has free trade agreements. Ukraine could become a manufacturing hub for Chinese investors to produce their goods here and deliver them to the EU market and back to China,” she said.