Trade between Ukraine and Germany grew by 3.1% YoY in 2019, to $9.3 billion, Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko said at a meeting with German Ambassador to Ukraine Anka Feldhusen, the press service of the Ministry of Economic Development, Trade and Agriculture reported.
“Germany is our reliable partner, which in 2019 took the first place among Ukraine’s trade partners from Europe. In particular, last year’s trade between Ukraine and Germany increased by 3.1% and amounted to $9.3 billion,” Petrashko said.
The purpose of the meeting was to discuss the state of and prospects for trade, economic and investment cooperation between the two countries, the implementation of joint projects and the exchange of experience in economic recovery after the COVID-19 pandemic.
According to the minister, food security is a priority for all countries in the current conditions. Ukraine, as a guarantor of global food security, makes every effort to fulfill its international obligations and supplies agricultural products to foreign markets.
The participants of the meeting discussed the intensification of bilateral cooperation in the field of economic development, agriculture, food security, energy efficiency, improvement of the business climate, infrastructure, etc. The Ukrainian side spoke about steps on anti-crisis initiatives aimed at supporting small and medium-sized businesses, access to cheap and long-term financing for Ukrainian businesses, the localization of government orders, i.e. providing benefits to those who produce goods in Ukraine, as well as support for export potential. (Ukrinform/Business World Magazine)