Date: 3 months ago   Category: Economy

Commodity turnover between Ukraine and China can grow to 20 billion dollars a year - Kubiv

In the next 5 years Ukraine can increase commodity turnover with China to 20 billion dollars a year.

it was declared by the first vice-prime minister of Ukraine - the Minister of Economic Development and Trade Stepan Kubiv after the meeting with the Deputy Prime Minister of the State Council of China Liu He in Beijing, it is said in the statement of MEDT.

"In 8 months 2018 commodity turnover between Ukraine and China has made nearly 6 billion dollars and has grown by 21%", - I have reported >
"In the next 5 years we can increase commodity turnover to 20 billion dollars a year", - the minister claims.

of Kubiv has noted that after a long break in work of the intergovernmental commission on cooperation Ukraine-China was succeeded to restore her activity. It has given an essential positive impetus for enhancing cooperation between the countries and accumulation of volumes of trade and cooperation between the enterprises of China and Ukraine.

of Kubiv has told that during the visit of the Deputy Prime Minister of the State Council of the People's Republic of China Ma Kai to Kiev in December, 2017 the action plan Ukraine - the People's Republic of China on realization of an initiative of joint creation of "An economic belt of the Great silk way" and "A sea silk way of the 21st century" which is the concrete road map for effective collaboration has been signed.

Kubov and He have discussed cooperation within an initiative of the president of the People's Republic of China Xi Jinping "One belt and a way" and also cooperation in the sphere of power as traditional and alternative, infrastructure projects, the industry, mechanical engineering, agriculture and the agroindustry, innovations and digitalization and other current and perspective projects. "For several years Ukraine has significantly expanded with

own network of the preferential modes of trade. There is a new agreement on free trade with Canada, have completed negotiations on free trade with Israel, we complete negotiations with Turkey. We see efficiency of these agreements therefore I suggest to begin joint Ukrainian-Chinese consultations on prerequisites of creation of the free trade zone Ukraine-China", - I have said >
meanwhile, the U.S. President Donald Trump plans to meet Xi Jinping during the G20 summit in Argentina on November 30 - on December 1. They intend to conclude the agreement which will put an end to unprofitable trade war between the countries.



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