Ukraine will increase bilateral trade of agricultural products with Iran

Mon, 13.03.2017 19:19

Ukraine plans to significantly increase its trade in food and agricultural products with Iran in coming years, the Ukrainian Agriculture Ministry said on Monday.

"In 2016, the agricultural trade turnover between Ukraine and Iran stood at 806.8 million U.S. dollars, but both sides agree that our potential is not fully tapped," Olga Trofimtseva, Ukraine's deputy agriculture minister, said in a statement.

"We have all the prerequisites to reach 1 billion dollars in bilateral trade within the next two or three years," Trofimtseva said.

Ukraine particularly sees good prospects for increasing supplies of flour, oilseeds, vegetable oils, confectionery and milk products to Iran, Trofimtseva added.

Meanwhile, Ukraine is also willing to implement joint agriculture projects with Iran in cattle breeding, aquaculture and seed production, she added.

In 2016, Iran was ranked the 6th among main importers of Ukraine's food and agricultural products. India was the largest importer of Ukraine's farm products, followed by Egypt and China.

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Source: xinhuanet.com

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