Ukraine and China, the agricultural sector is pursuing food and food security

Published 2021년 11월 16일

Tridge summary

Ukraine and China are strengthening their trade relationship, with a focus on agricultural products including corn, wheat, sunflower oil, soybeans, meal, beef, poultry, honey, fruit, and more. The two countries traded $15.4 billion in 2020, with Ukraine exporting $7.1 billion and importing $8.3 billion. China is seeking to double its food supplies from Ukraine in the next 3-5 years, making it the largest agricultural trading partner for Ukraine, accounting for about 15% of its agricultural exports. Both countries are negotiating a free trade zone and are open to further cooperation in horticulture and animal products.

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Original content

Ukraine and China have many points of trade in a number of positions: corn, wheat, sunflower oil, soybeans, meal, beef, poultry products (chicken and eggs), honey, fruit. How to strengthen them was discussed within the newly created business platform on the basis of the Ukrainian Agrarian Confederation (UAC) and several Chinese companies. AgroPolit.com was a participant in this discussion and offers the most interesting views on the event. Recall that, according to the State Statistics Service of Ukraine, in 2020 the bilateral trade turnover between Ukraine and China amounted to $ 15.4 billion. Exports of goods from Ukraine to China amounted to $ 7.1 billion (+ 98.0%), imports of Chinese goods to Ukraine - $ 8.3 billion (-9.8%). The negative balance for Ukraine during this period is $ 1.2 billion. Currently, Ukraine and China are agreeing on a free trade zone. "Last year, we agreed with China on a joint study of the economies of the two countries on the basic provisions for the ...

Source: Agroconf