Business news from Ukraine

TRADE REPRESENTATIVE: UKRAINE CAN INTENSIFY TRADE WITH ASIAN COUNTRIES

Ukraine can intensify trade with Asian countries, while maintaining focus on European markets, the Deputy Minister for Development of Economy, Trade and Agriculture, Ukraine’s Trade Representative Taras Kachka has said.
“We have a good dialogue with these countries. It is very likely that we will continue to talk about the intensification of trade. There are requests from Indonesia. There are talks with Malaysia,” he said during the discussion “Trade Wars: the Art of Defense.”
According to the trade representative, the demand for Ukrainian products from Asia is growing and this is a phenomenon of 2020.
“The fact that this year the dynamics of trade with Asia is greater than with the EU does not mean that we should forget the EU and flee to Asia,” he said.
Kachka added that next year Ukraine will “evolutionarily” update its Export Strategy, which will allow the country to be more predictable in terms of trade policy.
“The less “somersaults” we have, the better. In fact, we need a gradual systematic work in all directions,” the official said.

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UKRAINE COULD BOOST CHEERY EXPORTS TO EU, ASIA

Ukraine can increase the supply of cherries to the markets of the EU and Asia in 2018 and expand the geography of exports of melons, the fruit and vegetable market analyst, Tetiana Hetman, has said.
“There will be attempts to enter the EU (Poland, the Baltic states) market with strawberries in May and autumn 2018. It is expected that exports of cherries to the EU and Asia will increase, as well as melons supplies would be expanded to new directions. For example, Kherson watermelons can go to the UK. The attempts were made in 2017,” she was quoted on the website of the Ukraine Horticulture Business Development Project (UHBDP).
According to the expert’s forecasts, this year exports of frozen raspberries will increase.
“Family farms bought poor quality planting material, and low-quality berries will be supplied to the market, low-grade raw material prices will be at or below cost, while Poles in the border zone are now building a lot of bases and they will demand quality raw materials, so the price will be kept for high-quality raw materials,” Hetman said.

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