Ukraine, Chile interested in concluding free trade agreement – Economy Ministry

Ukraine, Chile interested in concluding free trade agreement – Economy Ministry

Ukrinform
Ukraine aims to deepen bilateral cooperation with Chile in the trade and economic sector by concluding a free trade agreement (FTA), Ukrinform reports, referring of the Economy Ministry’s press service.

"The current volume of trade between our countries is not exhaustive and needs the diversification in the areas of bilateral trade. Ukraine aims to deepen bilateral cooperation in the trade and economic sphere by creating free trade conditions, improving the business climate, and increasing investment. We are interested in starting the negotiation process on a free trade agreement with Chile,” said Taras Kachka, Deputy Economy Minister - Trade Representative of Ukraine.

It is noted that in January-August 2021, the trade turnover between Ukraine and Chile increased by 13.4% compared to the same period last year, to $45.1 million. In particular, Ukraine’s exports doubled to $7.8 million.

The coal mining, agriculture, transport, space, aviation, pharmaceutical and energy sectors are of mutual interest for cooperation between Ukraine and Chile.

In addition, it is important to find effective mechanisms and create favorable conditions to enhance entrepreneurial activities, as well as to attract Chilean investment in important economic projects in Ukraine.

In turn, the potential interest for Ukrainian enterprises may be the implementation of infrastructure projects in Chile, increasing exports of machinery and energy equipment, vehicles, agricultural machinery of Ukrainian production etc.

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