News

The Embassy of Ukraine in Latvia has signed the Memorandum on cooperation between the Trading House “Ukraine” in Latvia and by the company-operator of the Riga exhibition center “BT1” regarding free participation of Ukrainian companies in the exhibition events. 

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During the last 4 years 91 international markets had been opened for Ukrainian products of animal origin. Moreover a lot of forms of international certificates for exports had been agreed. 

The biggest amount of opportunities for selling their products abroad have the Ukrainian producers of dairy products, eggs, poultry meat and honey. All these products can be exported to the EU countries. 

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In 2022 Ukraine exported to the EU and Switzerland 225 814 tons of organic products and this is 13% more than in 2021. 

The European Commission has canceled the import fees and quotas for Ukrainian products and suspended additional control measures applied to organic products from Ukraine since 2015.  

More details: http://bit.ly/3XB1Esw

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Ukraine has negotiations with Tunisia and Morocco regarding signing of agreements on preferential trade. Ukraine also has successful negotiations with the UAE regarding the Comprehensive Economic Partnership Agreement. 

The negotiation mechanisms will help to determine the export positions, which the above mentioned countries need the most. This will facilitate the selling of products for Ukrainian exporters. 

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Andrii Gerus, head of the specialized energy committee of the Verkhovna Rada of Ukraine believes that Ukraine can export electricity during daylight hours due to the production surplus at this time.

According to him, there is a surplus in the energy system of Ukraine, meaning that there is an excess of capacity due to which it was necessary to apply restrictions on the generation of solar power plants.

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According to the results of last year, the geography of supply of agricultural exports of Ukraine has changed.

During the year, Ukraine exported agricultural food products (groups 1-24 UKTZED code, as well as casein, albumins, skins, fur, wool, etc.) worth 23,6 billion USD, which is 15% less than in 2021.

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The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) and the European Bank of Reconstruction and Development (EBRD) have signed an Agreement, according to which MIGA will give up to 200 million USD in trade finance guarantees. 

The main beneficiary of the Agreement will be Ukraine, where the initial MIGA guarantee for EBRD will be immediately used to support trade finance.

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This year during January Ukraine had imported products worth 4,8 billion USD and exported goods worth 3,1 billion USD. 

The countries from which Ukraine imported the majority of goods are the following: China — 910 million USD, Poland — 440 million USD and Turkey — 424 million USD.

Ukraine exported goods mainly to Poland — 464 million USD, Romania — 285 million USD, China — 284 million USD. 

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The European Business Association and Global Business for Ukraine together with Ukraine Invest launched the Map of Investment and Business Opportunities of Ukraine for the search and attraction of new investment.

This interactive tool will help potential investors to learn about available investment opportunities in different regions of Ukraine, their details and characteristics, as well as leave an application in case of interest.

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Specialists of the "Export Booster" project and Export and Entrepreneurship Promotion Office analyzed the average volume of russian import to the EU for 2017-2021 in order to determine the largest product groups in terms of volume and the EU countries that are the relevant sales markets for these goods.

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