The State Service of Ukraine on Food Safety and Consumer Protection has submitted to the Chinese side the lists of Ukrainian producers of vegetable oil exporting it to China for approval, this measure is due to the requirement introduced in the PRC to register foreign food producers.The changes in the procedure for the export of food products that occurred in the national legislation of the PRC in October this year were reported on the website of the State Food Service.The agency clarified that, together with the Ukroliyaprom association, it collected and submitted information about Ukrainian exporters of vegetable oil for consideration by the Chinese side.The service clarified that China will complete the registration procedure and form a list of vegetable oil exporters by the end of 2021.The agency stressed that it is working on opening the Chinese market for poultry, eggs and egg products, wheat, rapeseeds, sorghum, peas and beans, cherries, wheat flour, soybean meal, apples, blueberries, etc.As reported, in January-July 2021, China imported Ukrainian agricultural products for $2.4 billion, India – for $947 million, the Netherlands – for $908 million, Spain – for $538 million. In total, the export of Ukrainian agricultural products for the seven months of 2021 increased by 6.7% compared to January-July 2020 – to $12.5 billion, imports – by 19.4%, to $4.19 billion.
Quotes of interbank currency market of Ukraine (UAH for 1 rub, in 01.10.2021-30.10.2021)
Quotes of interbank currency market of Ukraine (UAH for €1, in 01.10.2021-30.10.2021)
Ukraine in the 2021/2022 marketing year (July-June) intends to export more than 60 million tonnes of grain crops, while ensuring the throughput capacity of seaports will become an important challenge in the issue of its logistics, the Ministry of Economy said on its website, citing deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka on Friday.“Even ten years ago, the issue of the throughput capacity of Ukrainian seaports caused lively discussions, but over the past five years their capacity has increased – from 49.3 million tonnes in 2016 to 81.5 million tonnes in 2021. The sea transportation sector operates without delays, while we are observing the volatility of prices for rail transportation,” the Deputy Minister said at the Global Grain Conference 2021 in Switzerland.According to him, the strategy of the Ukrainian government is aimed at developing infrastructure in the logistics industry in order to attract investors to it.Kachka specified that Ukraine is implementing a number of measures within the framework of the Agreement with the World Trade Organization on trade facilitation, such as the introduction of a Single Window mechanism for international trade, the institution of an authorized economic operator, and a joint transit regime. This will allow Ukraine to enter the list of countries with the safest and most comfortable conditions for doing business.The Trade Representative of Ukraine recalled that growth of global demand for freight transportation amid the weakening of quarantine restrictions raised rates on them to multi-year highs and increased industry revenues, which allows investing in the latest technologies, digitalization, automation, etc.As reported, the Ukrainian Grain Association (UGA) in November estimated export of grains, legumes and oilseeds from Ukraine in 2021/2022 MY at 68 million tonnes with a harvest of 105 million tonnes, which exceeds the forecast made by the organization in July respectively, by 6 million tonnes (9.7%) and 5 million (5%) tonnes.
Tunisia is ready to start the negotiation process on concluding an agreement on a free trade area (FTA) with Ukraine, negotiations may begin in the first quarter of 2022, Ukrainian Ambassador to the Republic of Tunisia Volodymyr Khomanets has said. “Tunisia views Ukraine as a strategic partner, and this has been declared. Tunisia confirmed its readiness for the negotiation process during consultations in July this year,” Khomanets said during the presentation of the study “Evidence-based Policy Making – Economic Impact Assessments of Potential Free Trade Agreements of Ukraine,” held in Kyiv on Thursday.He noted that Tunisia seeks to diversify the geography of foreign economic activity.“They have experience of concluding FTA agreements with partners such as Turkey, Great Britain. They are somewhat disappointed in this, therefore, Ukraine is considered as a more reliable and promising trading partner,” the ambassador said.He emphasized that the FTA with Tunisia will also open up the markets of its two neighbors, Algeria and Libya, for Ukraine.Khomanets also recalled that Tunisia is part of the Pan-Euro-Mediterranean convention. Ukraine is interested in Tunisia from the point of view of opening the European market for itself, and the Tunisian side, according to him, is ready to introduce liberal rules for trade on a quota basis.As noted by Scientific Director of the Institute for Economic Research and Policy Consulting Veronika Movchan, presenting an assessment of the potential impact of the FTA with Tunisia, grain and ferrous metals are the basis of Ukrainian exports to this country. From Tunisia, Ukraine mainly exports soles for shoes, to a lesser extent – electronics and textile clothing.According to her, modeling the introduction of the FTA with Tunisia assumes an increase in Ukrainian exports to this country by 115%, which is due to a low comparative base, and imports to Ukraine – by 53%. “Sectorally, metallurgy will mainly benefit, as well as crop production,” Movchan said.
Quotes of interbank currency market of Ukraine (UAH for $1, in 01.10.2021-39.10.2021)
