“As of today, in the current grain season, Ukraine has exported about 10 million tonnes of grain to China and could potentially increase its exports by 2-3 times. Today, the lion's share of grain exports to China is corn and barley. To open the Chinese market for Ukrainian wheat, sorghum, peas and other crops, it is necessary to sign the relevant interstate phytosanitary protocols,” Horbachov said.
He stressed that China is an important trading partner for Ukraine and one of the largest buyers of Ukrainian grain. Ukraine is open to cooperation and development of trade between the two countries to increase their well-being and prosperity.
According to the Ukrainian Grain Association, the memorandum, which aims to develop bilateral international cooperation in the agricultural sector, will help develop modern agricultural trade and joint industrial park projects.
The parties also agreed to establish a Chinese-Ukrainian Council for International Cooperation in Agriculture to implement joint agricultural projects of the two countries.
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