Ukraine, China sign program of investment cooperation in agricultural sector

Ukraine, China sign program of investment cooperation in agricultural sector

Ukraine and the People's Republic of China have signed the program of investment cooperation in the agricultural sector.

This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine.

"The signed document aims to define the priority areas of the Ukrainian-Chinese investment cooperation in the agricultural sector and the key mechanisms and instruments for such cooperation. This framework intergovernmental agreement will give impetus to the businesses of the two countries for implementation of specific investment projects in the agricultural sector," commented Deputy Agrarian Policy and Food Minister of Ukraine Olha Trofimtseva.

She noted that the trade in agricultural products between Ukraine and China over the past two years had reached over $1 billion.

According to her, the Ukrainian agricultural sector has a significant potential to become a production hub for foreign partners.

"The initiative of the Chinese colleagues for creating the economic belt of the Great Silk Road opens up great opportunities for us. The investment areas and cooperation projects in the agricultural sector which may be of interest to Chinese partners include: transport logistics, production and processing of agricultural products, machinery manufacturing, etc.," the deputy minister stressed.


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