Ukraine, India to expand cooperation – economic development and trade minister

29.01.2018

A trade turnover between Ukraine and India amounted to $2.5 billion for 11 months of 2017, which was by 24% more compared to the same period in 2016.

First Deputy Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv wrote this on his Facebook page.

"India is a strategic partner for Ukraine and a promising market according to the Export Strategy. The trade turnover between Ukraine and India amounted to $2.5 billion, and it increased more than 24% for 11 months of 2017 compared to the same period in 2016. A top product exported from Ukraine to India is vegetable oil – it was exported for almost $1.5 billion during the period from January to November of 2017 that was 45% more than last year's figure. We will not stop and will continue to expand the areas of cooperation, including aircraft construction, engineering, cooperation in the field of space, IT solutions and digitalization," Kubiv wrote.

He notes that the sixth meeting of Ukraine-India Intergovernmental Commission on Trade, Economic, Scientific, Technical, Industrial and Cultural Cooperation will be held in February.


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