China plans to increase import of barley, soybeans, peas, wheat from Ukraine

China is interested in increasing the supply of Ukrainian soybeans, peas, barley, wheat poultry and other products, the Ministry of Economy announced, further to a meeting between the Minister of Economy Oleksiy Liubchenko and the Chinese Ambassador to Ukraine Fan Xianrong, on June 10.

According to the report, the meeting was also attended by Deputy Minister Volodymyr Hryniuk and Deputy Minister-Trade Representative of Ukraine Taras Kachka, as well as representatives of the leadership of the Chinese Embassy in Ukraine. Not only export of food commodities to China was in the agenda of the meeting, but also investments in Ukrainian infrastructure by Chinese partners.

Today, we’ve heard from our Chinese partners confirmation of interest in deepening economic cooperation, increasing exports of Ukrainian agricultural products, building infrastructure and implementing joint investment projects in transport, construction, energy, IT and other areas.

Oleksiy Liubchenko, Minister of Economy of Ukraine

The parties also noted the importance of signing an intergovernmental agreement on deepening cooperation in the construction of infrastructure in the near future, the Ministry reported.

This step will allow starting preparatory work for the launch of investment projects, including the construction of the M-22 Poltava-Oleksandriya road and the first part of the Kyiv circular road – sections M05-M06, which will cost about $ 1.1 billion.

Ukrainian Ministry of Economy, press office

It is also important to continue work on the development of freight traffic in the direction of China-Western Europe through the territory of Ukraine, the report informs.

In addition, the Chinese side stressed the importance of the implementation of the intergovernmental initiative of Ukraine and China “One Belt-One Road.” The matter concerns preparing a roadmap for the implementation of a programme of cooperation between the two countries within the framework of the joint construction of the “Silk Road Economic Belt” and “21st Century Maritime Silk Road”.