China-Ukraine trade to hit two billion US dollars

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Last updated at: (Beijing Time) Wednesday, October 15, 2003

China-Ukraine trade to hit two billion US dollars

The trade volume between China and Ukraine is expected to hit 2 billion US dollars this year, a senior Chinese official in charge of foreign trade said here Tuesday.

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The trade volume between China and Ukraine is expected to hit 2 billion US dollars this year, a senior Chinese official in charge of foreign trade said here Tuesday.

China-Ukraine trade had seen robust growth and the bilateral trade volume stood at 1.32 billion US dollars in the first eight months of this year, up 63 percent over the same period of last year, said Vice-Minister of Commerce Zhang Zhigang.

He told the eighth meeting of Sino-Ukrainian Cooperation Committee of Economy and Trade, held Tuesday afternoon in Beijing,that there was still great potential for trade and economic cooperation with a view to good political relations between the two nations.

Zhang, who is also chairman of Chinese side of the committee, said China's imports would amount to 1,000 billion US dollars in the next five years, and the prospects for cooperation in high-tech fields, in which Ukraine boasted advantages, were brilliant.

Ukrainian Deputy Prime Minister Dmitri Tabachnik said Ukraine gave priority to developing economic cooperation with China and was willing to further cooperation on the long-term basis of mutual benefit.

Ukraine hoped to learn from China's experience in winning entryto the World Trade Organization, Tabachnik said.

Ukraine is China's third largest trade partner among members ofthe Commonwealth of Independent States. The trade volume between China and Ukraine stood at 1.23 billion US dollars in 2002.

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