Chinese entrepreneurs are eager to invest in Ukraine

Ukraine and the People’s Republic of China possess a great potential for deepening bilateral trade and economic cooperation. This was stated by First Deputy Minister of Agrarian Policy and food Yaroslav Krasnopolsky during a press conference on the outcomes of the 5th meeting of the Subcommission on Agricultural Cooperation of the Cooperation Commission between the Governments of Ukraine and China.

"The visit of the Ukrainian delegation has confirmed that the relationship with China is becoming more powerful. We have analyzed the understandings achieved during the previous meeting, of which 75% have already been implemented, and outlined new prospects for our collaboration. The trip was successful, we received the support and were assured of the great interest of China to export Ukrainian agricultural products. A lion's share of our negotiations was focused on this issue. The interest is high, I think that soon we will have tangible results of the visit," stressed Yaroslav Krasnopolsky, who headed the delegation.

There were held fruitful talks with the management of the Export-Import Bank of China, representatives of the General Administration of Quality Supervision, Inspection and Quarantine of China and China Export and Credit Insurance Corporation. During the meetings with representatives of business, state agrarian organizations and agricultural associations the Ukrainian delegation presented promising areas for investment. "We have heard the willingness of both public and private sector to work in Ukraine. There have already arrived some interested investors from China, who wish to take part in the project of port elevator construction with the capacity of 50 – 100 thousand tons worth $ 2.5 billion. They expect proposals for prospective sites to implement the project," informed the First Deputy Minister.

To step up economic ties the Ministry of Agrarian Policy is ready to host a meeting of representatives of Ukrainian and Chinese business directed to strengthening bilateral contacts and raising opportunities for implementing joint projects in agricultural production, logistics areas and the like.