Ukraine eyes Boosting Agricultural Trade with Iran

A Ukrainian official said the country’s Agrarian Policy and Food Ministry expects Kiev’s agricultural trade with Tehran to increase to $1 billion by the end of 2017.

Vasyl Antonenko, the chief specialist of the bilateral trade and economic cooperation department of the International Cooperation Department of Ukraine’s Agrarian Policy and Food Ministry, said this during the Ukrainian-Iranian Business Forum, Ukrinform news website reported on Tuesday.

“Upon seven months of 2017, Iran ranks 8th among the importers of Ukrainian agricultural products. It is expected that we will be able to reach $1 billion agricultural products turnover by the end of this year due to joint efforts of the businesses of both countries,” he added.

In March 2016, Iran and Ukraine signed a memorandum of understating for the expansion of economic cooperation in various fields.

In May that year, Iran’s Foreign Minister Mohammad Javad Zarif said there are good opportunities for closer trade interaction between Iranian and Ukrainian companies in a broad range of fields, including higher education, scientific and technological issues, energy, power plant equipment, renewable energies, agriculture, cultural programs and tourism.

(Source: Tasnim, under Creative Commons licence)

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