Ukraine's exports to Vietnam grew by 92% last year – Kachka

Ukraine's exports to Vietnam grew by 92% last year – Kachka

In 2020, Ukrainian exports to the Socialist Republic of Vietnam (SRV) increased by 92%, to USD 184.5 million. The countries agreed to resume work on a free trade agreement (FTA).

Deputy Minister of Economic Development, Trade and Agriculture - Trade Representative of Ukraine Taras Kachka wrote about this on his Facebook page following a meeting of the Ukrainian-Vietnamese Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation on January 25.

“Last year, the trade turnover between Ukraine and Vietnam increased by 22.5% and amounted to USD 644.65 million. Our exports grew by 92% - up to USD 184.5 million,” Kachka wrote.

He noted that the lion's share of Ukrainian exports to Vietnam accounts for grain crops.

In addition, according to the official, interdepartmental agreements on veterinary medicine and plant quarantine are nearing conclusion. These agreements "will help increase the export of plant and animal products to Vietnam."

Kachka added that an agreement was reached to resume work on an FTA with Vietnam. “Ideally, we will enter the formal negotiation process this year,” he summed up.

As Ukrinform reported, since the beginning of 2021, two free trade agreements concluded by Ukraine with the United Kingdom and Israel have come into force.


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