Business news from Ukraine

UKRAINE AND MALAYSIA PLAN TO HOLD MEETING OF JOINT TRADE COMMITTEE

Ukraine and Malaysia are planning to hold a meeting of the joint trade committee in autumn, which, subject to favorable epidemiological conditions, will take place in the Malaysian capital Kuala Lumpur, Deputy Economy Minister and Trade Representative of Ukraine Taras Kachka said.
“We are preparing an inaugural meeting of the joint trade committee with Malaysia,” the trade representative said on Facebook on Friday.
“Yesterday we had a friendly and fruitful conversation with a colleague, Deputy Minister of International Trade and Industry of Malaysia, Senator Lim Ban Hong. We agreed that under any conditions the meeting will be held this autumn,” he said.
Among the issues to be discussed are food security (agricultural trade), product certification (halal) and cooperation in the aerospace industry, Kachka said. Separately, he noted the need to discuss logistics and the use of ports to enhance trade in the region.

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MALAYSIA INTERESTED IN PURCHASING UKRAINIAN WEAPONS, VEHICLES, AIRCRAFT

Ukraine and Malaysia are working out plans to expand bilateral military and technical cooperation, and the Malaysian side shows its interest in procurement and joint production of a wide range of Ukrainian weapons, the press service of the Ukroboronprom State Concern reported on Tuesday.
According to the report, military and technical cooperation between Ukraine and Malaysia became the subject of negotiations between Ukroboronprom Head Pavlo Bukin and Malaysia’s top military leadership, which were held as part of the 16th Defense Services Asia 2018 (DSA) exhibition, which is taking place in Kuala Lumpur (Malaysia) on April 16-19.
According to the report, Bukin, in particular, held a meeting with Chief of Army General Tan Sri Dato Zulkiple Bin Hj Kassim during which they discussed the possibility of supplying the Malaysian side with Ukrainian-made 4×4 combat vehicles. During the talks, the chief of the Malaysian army expressed his country’s interest in acquiring Ukrainian ATGMs from Luch Design Bureau. At the same time, the sides stressed the need to intensify the work of the bilateral commission on military and technical cooperation, the report says.
Bukin also held talks with Chief of Navy Admiral Tan Sri Ahmad Kamarulzaman Hj Ahmad Badaruddin, during which they discussed the possibility of supplying to Malaysia the floating docks manufactured by Pallada Kherson State Plant, part of Ukroboronprom, as well as the possibility of establishing cooperation for their production with a Thai manufacturer.
In addition, as part of the exhibition, Bukin met with Commander of the Royal Malaysian Air Force General Dato Seri Affendi Buang.
“The sides discussed a range of issues on cooperation in the field of aircraft building. In particular, they talked about the possibility of supplying to Malaysia the Antonov airplanes with the possibility of localization of production facilities. A separate topic of the talks was also the possibility of supplying Ukrainian vertical take-off and landing UAVs to the Malaysian side,” the report says.

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