Business news from Ukraine

UKRAINE MEETS UP TO 80% EU STANDARDS IN TRADE AREAS – DEPUTY PM STEFANISHYNA

In the key areas in which trade between Ukraine and the EU takes place, the country meets 70-80% European standards, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna said in an interview with the online edition of Radio Liberty on Saturday.
“In the five main areas in which trade takes place, we meet European standards by 70-80%. This has already been confirmed. Energy sector – 80%. Food and sanitary measures – more than 70%. We fully comply with the system of public procurement and telecommunications. This is means that in the understanding of our European integration, we [Ukraine and the EU] work in the same way and live the same,” Stefanishyna said.
She also said that more than 14,000 Ukrainian companies are already operating in the European market.
Ukraine is also the country that is integrated into European structures. The country is a member of more than 20 EU agencies and institutions from law enforcement (this is the European Public Prosecutor’s Office), ending with scientific and cultural programs.
Therefore, according to Stefanishyna, from the point of view of political, economic convergence, Ukraine has actually achieved tremendous results in five years.

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN JAN-JUNE 2021 (THSD USD)

Top 20 countries Ukraine has posted the highest surplus of trade in Jan-June 2021 (thsd USD)

SSC of Ukraine

UKRAINE INTERESTED IN INCREASING OF TRADE WITH SRI LANKA

Sri Lanka is interested in increasing the supply of food and industrial products to the Ukrainian market, the Ministry of Economy said following a meeting between Deputy Minister, Trade Representative of Ukraine Taras Kachka and State Minister of Regional Cooperation of Sri Lanka Tharaka Balasuriya. “The participants expressed interest in increasing the supply of food [tea, coffee, fruit] and industrial [textiles, clothing] products to the Ukrainian market,” the ministry said on its website on Friday.
In addition, the parties noted the prospects for cooperation in aircraft and shipbuilding, supplies of Ukrainian metallurgy products, energy and transport engineering, chemical industry and agriculture, recreational cooperation and tourism.
“The basis of our exports to Sri Lanka is traditionally agricultural products – vegetables, grains, oilseeds. Obviously, the trade potential between our countries has not yet been revealed. We, in turn, are open to cooperation in the trade and economic sphere and the implementation of joint business projects,” the ministry’s press service said, citing Trade Representative of Ukraine Taras Kachka.
The parties confirmed their readiness to create a joint intergovernmental commission as a platform for the development of trade and economic cooperation, the ministry said.
According to the State Statistics Service, the negative balance of trade with Sri Lanka in the first half of 2021 amounted to $10.154 million with an increase in Ukrainian exports to this country by 12.8% – to $9.22 million and an increase in imports from Sri Lanka to Ukraine by 18.1% – to $19.37 million over the specified period.

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UKRAINE INTERESTED IN RESUMING DIALOGUE ON TRADE AND ECONOMIC RELATIONS WITH CHILE

Ukraine is interested in resuming a dialogue on trade and economic relations with Chile, Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka said during an online meeting with Deputy Foreign Minister of Chile – Director of Bilateral Economic Affairs (at the General Directorate of International Economic Relations, DIRECON) Felipe Lopeandia.
“We are interested in expanding the presence of Chilean companies in the Ukrainian market and strengthening Ukrainian-Chilean business ties,” Kachka said.
According to the ministry, Chile is included in the list of the ten most promising countries for Ukraine for the development of trade relations.
“For the six months of this year, trade in goods and services between Ukraine and Chile grew by 7.9%, to $ 33.1 million, Ukrainian exports doubled to $ 5.3 million,” the ministry said.
According to Taras Kachka, the countries need to improve the balance of bilateral trade, diversify trade spheres and start joint investment projects.
According to the report, promising for Ukraine and Chile is the development of bilateral relations in the field of agro-industrial complex, energy, mechanical engineering, aircraft building, shipbuilding, as well as space, mining, pharmaceutical and transport industries.

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UKRAINE AND MOLDOVA AGREE TO DEVELOP TRADE

Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Moldova Natalia Gavrilitsa signed an intergovernmental protocol on amendments to the Free Trade Agreement (FTA).
According to the Ukrainian government’s press service, the amendments to the Free Trade Agreement stipulate that the pan-Euro-Mediterranean rules of origin of goods should be applied in trade between Ukraine and Moldova.
“The transition to these rules of origin of goods unites the Ukrainian and Moldovan Association Agreements with the EU into one system. We made such a step with Georgia a year ago. Now we are uniting the trade regimes of all the states of the Associated Trio among ourselves and with the EU,” the prime minister said.
The head of the Ukrainian government said the pan-Euro-Mediterranean cumulation system allows trading in goods that are produced from components that can originate from all countries in this system.
“This protocol is another step towards the withdrawal of the Associated Trio countries from the trade relations of the CIS and the transition to an EU-centered economy,” Shmyhal said.
In turn, the Prime Minister of Moldova said the Protocol confirms the readiness to promote trade relations between the two countries, in particular on the path of European integration.

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS JAN-MAY 2021

TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS JAN-MAY 2021

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