Ukrainian - American Agrarian Congress,Washington, USA
DATE
Mar 23, 2015

Ukraine: in 2014 the negative trading balance with the USA totaled 1.26 bln USD – expert

Source

APK-Inform

1240

In 2014 the negative trade balance of Ukraine with the USA totaled 1.26 bln USD. At the same time, in 2014 the exports of Ukrainian commodities to the USA decreased by 22.4% compared with the previous year - to 668 mln USD, and the imports of US commodities to Ukraine decreased by 29.9% - to 1.927 bln USD, declared Denis Krasnikov, Vice-President of the Ukrainian Union of Industrialists and Entrepreneurs, on March 25 at the Ukrainian-American Agrarian Congress in Washington, D.C.

In order to activate trading rates between the two countries, the joint operating plan should be developed and implemented, which will be directed at furthering the development of mutually beneficial trade and economic partnership, and joint response to worsening of the import and export dynamics between Ukraine and the USA. The plan should include the system-based moves for strong integration of the markets, interaction between the companies, and capital relationships, said the expert.

Also, D.Krasnikov noted that due to the significant UAH devaluation, increasing of the exports from the USA to Ukraine is almost impossible.

In order to enter new markets, Ukrainian commodity producers need support from the consulting companies of the USA, who are the world leaders in such services. Thus, it is possible to increase the dynamics of service exports from the USA, as well as the exports of Ukrainian commodities. Such services will be credited by the US party, and paid from the profits received from coming on the new markets, he said.

In turn, the US companies can enter new markets with offering of Ukrainian commodities and services, which are more moderate compared with US-made commodities to obtain additional profit, said the expert.

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