China proposing a free trade area to Ukraine

14.11.2016

In the course of the 1st International Forum “2016 Ukraine Silk Road” Chinese Ambassador Du Wei spoke out for establishing a Ukrainian-Chinese free trade area.

According to the Chinese Ambassador, the implementation of China’s Silk Road project, which is purposed to intensify economic cooperation and promote trade between China and Europe, is impossible without Ukraine.

"Without Ukraine, the implementation of the initiative will be incomplete, even impossible. Therefore Ukraine is one of the more than 60 countries that have joined the Road,” he noted.

Ukraine, together with other 20 countries, will become part of an association for promoting economic cooperation – the Silk Road project – that is being currently established by China. Chinese funds have already raised roughly CNY 300 Bl (about USD 46 Bl) to launch the project.

 

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