Business news from Ukraine

Business news from Ukraine

Ukraine plans to increase agricultural exports to Lebanon to $1 bln

31 December , 2024  

Ukraine exports more than $400m worth of products to Lebanon, although the potential is $1bn, the supplies of cattle, meat and dairy products are promising, Minister of Agrarian Policy and Food Vitaliy Koval said after a visit to Lebanon and a meeting with businessmen.

The Ministry of Agrarian Policy and Food noted that Koval met with Lebanese businessmen – representatives of more than 12 companies involved in imports: flour millers, traders, entrepreneurs who buy food products, meat and cereals from Ukraine.

According to the Minister, Lebanese businessmen import tens of thousands of tons of cattle. They have recently started importing sheep to Lebanon. It is these areas of cattle breeding because of the shortage of meat can be promising for Ukrainian agrarians.

“Today we export more than $400 million worth of products to Lebanon, although the potential is $1 billion. That is why the task of the Ministry of Agrarian Policy is to increase imports of our products to Lebanon. I discussed with their businesses what should be done to increase trade turnover. Lebanese businessmen noted some bureaucratic moments and logistical problems. Now I clearly understand what needs to be simplified in procedures. Lebanon is an important trade partner for us, so we will work on developing our relations further,” Koval emphasized.

The Minister drew attention to the fact that the Ukrainian community is very active in Lebanon. During the meeting with its representatives, the Ukrainian delegation discussed the logistic communication with Ukraine and the increase of domestic products in Lebanese stores.

Koval urged the diaspora to be ambassadors of Ukraine: to popularize Ukrainian products and emphasize their quality.

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