Ukraine should become one of Kyrgyzstan's largest trading partners – UCCI president

President of the Ukrainian Chamber of Commerce and Industry (UCCI) Hennadiy Chyzhykov said this during an online conference entitled "Ukraine-Kyrgyzstan: Opportunities for Bilateral Cooperation" on Friday, an Ukrinform correspondent reports.

According to him, the current bilateral trade is estimated at USD 50-70 million, and this does not at all correspond to the potential of both countries: six to seven years ago, the trade turnover was five times higher.

“Among the obstacles preventing the restoration of the previous intensity of cooperation, entrepreneurs name rather complicated logistics. The UCCI, the Ministry of Infrastructure and other interested agencies are working to improve logistics routes to make the exchange of goods and services more efficient,” Chyzhykov said.

He reminded that Ukrainian goods have a good reputation in Kyrgyzstan. These are, first of all, agricultural products (oil, cereals, and flour). The Kyrgyz Republic actively supplies high-quality textile products to Ukraine. High technology should be a priority in the future.

“Ukraine has every opportunity to play a more important role in cooperation with Kyrgyzstan in the construction of hydroelectric power plants, mechanical engineering, and IT sector. The task of the authorities is to support the desire of entrepreneurs of the two countries to work in these areas," the UCCI president noted.

Chyzhykov also emphasized the importance of regional cooperation and stressed that online conferences are one of the ways to achieve Ukraine's ambitious goal of intensifying trade contacts with partners around the world.

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