UCBC has Identified Agricultural, Energy and Tourism Areas as Priorities in the Growing Cooperation with China

The Ukrainian Part of the Ukrainian-Chinese Business Council (UCBC) has identified priority areas of bilateral cooperation. These will be the agricultural, energy and tourism sectors of the economy.

This was stated by Chairman of the UCBC Ukrainian Part Sergii Kuzyara during a meeting of the Coordinating Committee of the Ukrainian Section of the joint Ukrainian-Chinese Business Council.

"Ukraine is viewed in China as a large market for Chinese energy equipment and machinery, as a potential food supplier to China, as well as a platform for entry into European markets," said Sergii Kuzyara.

According to Sergii Kuzyara, during the last trip to China in November, the UCBC delegation met with representatives of the Chinese company Power China - one of the world's most famous energy and infrastructure contractors. They are known to be able to build objects of any complexity - from the airport to the power station - literally "in the open field."

"Power China already has several successful projects in Ukraine in partnership with DTEK LLC, but it plans to open a full-fledged office here and to develop a large-scale business in Ukraine," noted Sergii Kuzyara.

UCBC also received requests for the possibility of exporting iron ore from Ukraine to China and proposals for its joint mining in Ukraine. The issue of supplies of equipment for thermal power plants to Ukraine will also be considered.

In addition, Ukrainian businessmen will be able to get ample opportunities to export frozen meat products to China once the issues of state control and product quality guarantees have been settled.

"The specifics of the state control over the quality of meat products in China is such that Ukrainian manufacturers are required to strictly comply with quality standards and product purity. Currently, China is reorganizing its food control agencies and UCBC plans to start a dialogue with the newly formed state regulator regarding the admission of a wide pool of Ukrainian producers of frozen meat products to Chinese markets and to involve the relevant Ukrainian state agencies in this process. In technology terms, Ukrainian manufacturers are ready to comply with Chinese quality requirements, but the process will require them to prepare a large package of documents which need to be prepared now. Procurement can be done in fantastic quantities," said Sergii Kuzyara.

Also, the UCBC intends to settle the issue of the possibility of issuing group visas for Chinese tourists and electronic visas for private and business trips in Ukraine. Due to a technical error in the Decree issued by the Cabinet of Ministers, the PRC's citizens lose the opportunity to apply for visas at the airport from January 1, 2019, which is unacceptable for the development of effective business communication.