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Ukraine-China trade ties continue to grow amid COVID-19, says trade leader

Abstract : Despite the COVID-19 pandemic, trade between Ukraine and China has seen positive dynamics this year, a Ukrainian trade leader said Wednesday.

KIEV, Dec. 3 (Xinhua) — Despite the COVID-19 pandemic, trade between Ukraine and China has seen positive dynamics this year, a Ukrainian trade leader said Wednesday.

Gennady Chyzhykov, president of the Ukrainian Chamber of Commerce and Industry, made the remarks at a video conference of the Chinese-Ukrainian Business Council on Wednesday.

Chyzhykov said China became one of Ukraine’s largest trade partners in 2019 and bilateral trade turnover amounted to about 13 billion U.S. dollars.

In the first half of 2020, despite the COVID-19 pandemic, trade turnover between the two countries increased by 20 percent year on year, while Ukraine’s exports to China increased by 70 percent.

“The current goods trade turnover between Ukraine and China can be significantly increased, and Ukraine will have something to offer China in terms of exports of high-tech products, products with a high degree of processing and high added value,” the trade leader said.

Chyzhykov said aviation, energy, logistics, mechanical engineering, food and agricultural industries, and the design and manufacture of power plant equipment are priority areas of cooperation.

The China-Ukrainian Business Council was established in September 2010 as a permanent platform for communication and interaction between the business circles of the two countries. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Ukraine-China trade ties continue to grow amid COVID-19, says trade leader

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