In January-May, trade turnover between Ukraine and the People’s Republic of China increased by 48% YoY, to over $7.4 billion.
Chinese Ambassador to Ukraine Fan Xianrong said this at a press conference dedicated to the 10th anniversary of the strategic partnership between the People’s Republic of China and Ukraine.
The diplomat emphasized that these were indicators for only five months and suggested that this year “good development” could be expected.
According to the ambassador, there is a great potential for the development of mutual trade, in particular, in the agricultural sector. He said that Ukraine ranked first among the importers of wheat, sunflower oil and sunflower meal to China. At the same time, the diplomat noted that last year China bought over 100 million tons of soybeans on global markets, of which 50-60 thousand tons accounted for Ukraine.
Fan Xianrong also said that China imported a lot of barley, beef and peas.
“We are ready to buy more products from Ukraine. The Chinese market is open to Ukraine,” he assured. (Ukrinform/Business World Magazine)
