December 30, 2013
Ukraine to export soy, barley and meat to China from 2014
Ukraine's Minister of Agrarian Policy and Food, Nikolai Prysyazhnyuk said that the country expects to export US$3.5 billion to US$4 billion worth of agricultural commodities to China over the next two years.
Prysyazhnyuk said that Ukraine's agricultural exports to China in 2013 are expected to reach US$800 million, a 10-fold increase compared to 2012's US$70 million. The figure will likely rise to US$2 billion to US$2.5 billion in 2014 and US$4.3 billion in 2015, according to the forecasts by Ministry of Agrarian Policy and Food of Ukraine.
In early December, Ukraine and China signed the protocols of phytosanitary and inspection requirements, paving the way for Ukrainian soy and barley to enter the Chinese market in 2014. While in August, Ukraine started the process of certification and obtaining permits for the supply of meat products to China, with first shipment of meat exports expected to begin in 2014.
Prysyazhnyuk added that total trade between the two countries has reached US$10 billion to date.