The economy Ministry explained the decline of exports to the EU

Exports from Ukraine to the EU during the first 11 months of last year decreased by 26%. It occurred in connection with the conjuncture of falling prices for a number of products on world and European markets, and also due to the reduction of exports from the Donetsk and Luhansk regions. About this during his visit to Poland, said the Deputy Minister of economic development and trade of Ukraine — sales representative of Ukraine Nataliya Mykolska, reports «UKRINFORM».

The Gaina on investment: in 2016 are waiting for «the first flagship applications»

«From 26% to 10.5% — a fall of exports from the Donetsk and Lugansk regions, that is, 40% of the total rate of decrease in exports is, in fact, Russian aggression in Eastern Ukraine,» said Gaina.

She added that in many positions, for example, coal and metallurgical products, the decline in exports from Ukraine to the EU has occurred not from-for reductions in exports and lower prices in the markets.

«That is, in a significant range of products Ukraine is able to export the same or not much a smaller amount, but because of falling global situation we have in terms of money, there is a significant fall,» said Gaina.

At the same time, she noted that it has its positive side, with falling prices in European markets stimulates Ukrainian producers to seek other markets. For example, producers of corn because of the problems in Europe entered markets of China, countries of Africa, there took place a substitution of markets. In addition, for chicken producers who find it difficult to access the markets of EU product certification for EU markets has been the catalyst for many other markets. «Third countries are automatically recognized certification, which has been on the EU market,» said a sales representative.

The Gaina informed that the Ministry will now work to withdraw Ukrainian producers to the markets of third countries — Middle East and Africa: «There is a high-capacity markets where we can compete».

The Deputy Minister also said that immediately after the entry into force on 1 January 2016 the full extent of the trade part of the Association Agreement of Ukraine with the EU, the Ukrainian government begins negotiations with Brussels, which in some positions, it is necessary to revise the existing conditions of the export of goods.

One of the key structural problems of the domestic economy, as observed by the Gaina is the fact that Ukraine remains raw state and it will always affect the economic performance of the state.

«That is, until we change the structure of our production and exports, our economy will be sensitive to any price fluctuations on the world market and they are objectively will affect our economy,» she said.

The Gaina on investment: in 2016 are waiting for «the first flagship applications»

The Ministry of economic development and trade this year expect new orders from international partners about investment in Ukraine, as well as increasing the already existing projects. This was stated by the Deputy Minister of economic development and trade of Ukraine — sales representative of Ukraine Nataliya Mykolska.

«We expect that this year will be the year when the flagship will be the first application of the investment climate in Ukraine,» said Gaina.

According to her, very big interest in Ukraine demonstrate in particular Chinese investors, «They have received confirmation that the retail area (FTA – ed) comes into force, they have received confirmation of the course where we’re going, and soon we will see the outputs on the Ukrainian market».

Very important, he added Gaina, is to increase the portfolio of foreign investors who already do business in Ukraine, or postponed the start of their projects prior to the implementation of a free trade area between Kyiv and Brussels.

The sales representative also noted that because of the restrictions that Russia imposed against European goods, the production of certain goods can be transferred from Russia to Ukrainian territory to produce goods for the market as Ukraine and the EU market.

Earlier it was reported that investments in Ukraine are a reliable investment, because the current Ukrainian crisis is only a temporary phenomenon which will soon be replaced by economic growth. This opinion was expressed by the Minister of Finance of Ukraine Natalia Jaresko.




The economy Ministry explained the decline of exports to the EU 01.02.2016

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