Agricultural Products are the Basis of Ukrainian Exports to Sri Lanka

Tuesday, September 14, 2021
Agricultural Products are the Basis of Ukrainian Exports to Sri Lanka

Bilateral trade in goods between Ukraine and Sri Lanka shows an upward trend.

This was discussed during the meeting of the deputy minister of economy Taras Kachka with the state minister for regional cooperation of Sri Lanka Taraki Balasuria, the Ministry of Economy said in a statement. The parties confirmed the intention of Ukraine and Sri Lanka to create a joint intergovernmental commission.

“The basis of our exports to Sri Lanka is traditionally agricultural products - vegetables, grains, oilseeds. It is obvious that the trade potential between our countries has not yet been revealed. We, in turn, are open to cooperation in the trade and economic sphere and the implementation of joint business projects,” said Taras Kachka.

So, for 6 months of 2021, the trade turnover between the two countries amounted to $28,59 million. In particular, exports increased by 12,8% compared to the same period last year - up to $92,2 million.

As a result of the meeting, the supply of food (tea, coffee, fruits) and industrial (textiles, clothing) products to the Ukrainian market will increase. Also, promising is cooperation in the fields of aircraft and shipbuilding, supplies of products of Ukrainian metallurgy, energy and transport engineering, chemical industry and agriculture, recreational cooperation, and tourism.

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