The FINANCIAL — Ukraine plans to increase the exports of agricultural products to Indonesia. The specialized Ministries of two countries concluded the memorandum on cooperation, declared the Ministry of Agrarian Policy and Food of Ukraine on August 5.
The cooperation is aimed to promotion of investment inflow in agriculture, mutual assistance in development of joint ventures, cooperative work on improvement of the industry, said the Minister of Agrarian Policy of Ukraine, Taras Kutovyi.
According to him, the countries will exchange information in the agricultural industry. Also, it is planned to form and realize scientific, technical and technological programs for the agricultural sector development, exchange of specialists and samples of agricultural products, cooperation in the animal husbandry sphere, etc.
The current memorandum with Indonesia is a positive step forward, which will deepen the mutually beneficial partnership between the countries, added T.Kutovyi, according to APK-Inform.
According to the Ministry, in the first half of 2016 the foreign trade turnover of agricultural products between Ukraine and Indonesia totaled 200.7 mln USD (5.8% of foreign trade turnover with all Asian countries), including: the export of Ukrainian goods to Indonesia reached 128.3 mln USD, while the imports from Indonesia – 72.4 mln USD. The exports increased in 1.8 times in monetary terms compared with the first half year of 2015, while the imports increased by 35%.