Companies from the United Arab Emirates (UAE) are ready to invest in the production of processed foods, grain transshipment and port development, the Ministry of Agrarian Policy and Food has reported.
According to the ministry, during a working visit to Saudi Arabia, Minister of Agrarian Policy and Food Vitaliy Koval and a government delegation headed by First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko met with more than 20 leading UAE companies. Among them are port operators, investment, agricultural and trading companies interested in import and export cooperation with Ukraine.
“Ukraine and the United Arab Emirates have opened a new page in economic partnership. Among the UAE companies there are those that are ready to enter the Ukrainian market. In particular, to invest in the production of processed products, such as oilseeds, rapeseed, soybeans. As well as grain transshipment and port infrastructure development,” Koval said.
The Minister emphasized that the Ukrainian agricultural sector is already actively working with the UAE. In 2024, we exported more than $197 million worth of agricultural products. Among the most popular products were fats and oils of animal or vegetable origin, meat and edible offal, cereals, vinegar, etc.
As reported, the Comprehensive Economic Partnership Agreement between Ukraine and the UAE was signed in Abu Dhabi on February 17. It provides for free trade between the two countries and liberalization of access to the UAE market for Ukrainian agricultural products, including duty-free supplies of beef, lamb, dairy and processed foods. In addition, the Saudi side has expressed interest in joint development of beef cattle breeding and production of organic products.
President of Ukraine Volodymyr Zelenskyy will visit the UAE and Saudi Arabia, but he will not meet with the Russians or the Americans.
“I have an official visit to the Emirates with my wife, the first lady, because we have a large humanitarian program, and the issue of prisoner exchange. Secondly, after that, I will visit Saudi Arabia with the same issues and another partnership with His Royal Highness. It will be for two or three days. I will have three meetings with President Erdogan in Turkey. I will not meet with the Russians, but I will not meet with the Americans there either,” Zelenskyy told reporters at the Munich Security Conference.
Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:
The results of the survey are as follows:
Completely positive – 8.9%.
Mostly positive – 43.5
Mostly negative – 15.1 %.
Completely negative – 2.6
Difficult to answer – 29.9%.
Positive – Negative – 34.7
3 On October 15, 1992, Ukraine and the UAE established diplomatic relations. On March 11, 2013, the Embassy of the United Arab Emirates was opened in Kyiv.
A joint study by Active Group and Experts Club on the attitudes of Ukrainians towards East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at
The United Arab Emirates and Ukraine concluded an economic agreement aimed at increasing their bilateral trade, which has fallen sharply from its pre-war level.
Non-oil trade between the two countries reached $386 million last year, down from more than $800 million before the Kremlin’s February 2022 invasion of Ukraine, Thani Al-Zeyoudi, the UAE’s minister of state for foreign trade, said in an interview. The fall in trade is not specific to the Gulf nation, and similar trends with Ukraine since the start of the war can be seen across the globe, he said.
The agreement finalizes a trade pact that was announced two years ago, and is part of the UAE’s goal of growing its non-oil foreign trade with multiple nations. The deal aims to alleviate or remove tariffs on some products, and strengthen supply chains to the wider region for major exports such as grains, machinery and metals, according to a statement on the agreement released Monday.
Kyiv estimates the accord may boost Ukraine’s gross domestic product by 0.1% in the medium- to long-term, the Economy Ministry said in a statement on its website.
“Ukraine is a bridge for our exports to Europe, and an important source for our imports related to food security,” Al-Zeyoudi said in the statement. The agreement “will provide Ukrainian companies and entrepreneurs with a new platform that allows them to expand towards growth markets in Asia and Africa through the UAE.”
Al-Zeyoudi said the pact would “play an active role in revitalizing the Ukrainian economy, and would provide new opportunities for the business communities of the two friendly countries.”
“It is not a classic free trade agreement, it is comprehensive, and it includes goods, services, investments, digital trade, and so on,” Ukrainian Economic Minister Yulia Svyrydenko said. The ministry said it expects exports of metals and vegetable oil to rise as a result of the deal.
Joint investment between the two countries reached $360 million in 2022 across several sectors including logistics and infrastructure, travel and tourism, and technology, according to the statement.
The energy-rich UAE has been signing similar pacts with several countries it is targeting for trade growth such as India, Israel and Turkey. In 2021, the Gulf country said it planned to deepen its trade ties in fast-growing economies by drawing $150 billion in foreign investments.
The UAE has maintained ties with both Ukraine and Russia since the start of the Kremlin’s invasion. The Gulf nation’s business capital Dubai has been a destination for both Russians and Ukrainians.
The BRICS member states have decided to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to join the organization, South African President Cyril Ramaphosa said on Thursday.
“We have decided to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to become full members of BRICS,” Ramaphosa said in a speech at the BRICS summit.
The membership of these countries will become official on January 1, 2024, the South African leader explained.
The export of agro-processing products from Ukraine to Russia in 2022 decreased by 15.3 times in comparison with 2021 – down to $ 3 million from $ 46 million, while the supply of similar products to Belarus decreased by 7.5 times, to $ 69 million from $ 520 million.
According to the website of the Ukrainian Agrarian Export Association (UAAE), Ukrainian exporting companies are no longer planning to supply food products to the Belarusian and Russian markets, given the military aggression of Russia against Ukraine and the successful reorientation of its export to the European Union.
According to UAAE, in particular, the export of cocoa paste to Russia stopped in 2022, although in 2021, Russia was its largest buyer with the share of 60% of Ukrainian imports of these products and the volume of $20 million.
Ukraine also stopped supplying ice cream to Russia last year, although in 2021 it was the 3rd largest exporter of this Ukrainian product after Moldova and Israel. In 2022 Germany was added to its main markets instead.
Also in 2022, deliveries to Belarus, in particular the Ukrainian bakery confectionery decreased by 8.5 times – down to $ 2 million, whereas in 2021 it was the 3rd largest importer in this segment with an indicator of $ 17 million. Similarly, the supply of Ukrainian frozen beef – to $0.3 million in 2022 against $ 13 million a year earlier, and canned fruit products – by 6.7 times, to $1.5 million from $10 million.
According to the association, if in 2021, Belarus was the main importer of Ukrainian potatoes with the share of exports at 80% by $3 million, in 2022, it took the second place with 23% and $1 million respectively (a 3-fold decrease). Also, the supply of Ukrainian tomatoes, onions, cabbage, carrots, where in 2021, Belarus was among the top destinations for the purchase of these commodities, has decreased significantly or ceased. In addition, last year the Republic of Belarus from the position of the leader of importers of cooked unfrozen vegetables from Ukraine, where it took first place in 2021, “displaced” Moldova, Georgia and Hungary.
“With actually unchanged rates of export of jams, jellies and marmalades in 2022, their main buyers were Poland, Moldova and the Czech Republic (in 2021 – Poland, Belarus, Israel),” the association stressed in the report.
UAEA specified that in the segment of frozen vegetables last year Ukraine generally increased the volume of exports, while its geographical structure changed compared to 2021: Germany moved up to the second position instead of Belarus, which was ousted from the top three, and Turkey took the honourable “bronze”. Poland remained the leader here, as it was the year before last.
“The reciprocal embargoes with Russia, imposed since 2016, significantly reduced mutual trade even earlier. In particular, exports of frozen beef, fresh and processed vegetables, and confectionery products to Belarus dropped significantly. Last year, supplies of cocoa paste and ice cream to the Russian market were also reduced to zero,” the organization summarized in its report.
