Ukraine to decrease the agricultural commodities exports by 1.5 bln USD annually
Due to the trade diversion with Russia, in money terms the Ukrainian export losses to reach 1.4-1.6 bln USD annually, declared the Director of the scientific center “Institute of Agrarian Economics”, Academician of the National Academy of Agrarian Science of Ukraine, Yuri Lupenko on April 24, 2014.
Y.Lupenko stated the CIS countries are the major trade partners for Ukraine. In the period of 2005-2013 the Ukrainian commodities exports to the stated countries faced the double increase and reached 3.71 bln USD. The CU share, including Russia, Belarus and Kazakhstan, totaled the three quarters of the stated rate.
At the same time, the expert mentioned that the Ukrainian exporters faced losses due to the Customs Union. The cause of the stated issue is the periodical ban; the customs control intensification and other limitations, provided by the Russian Federation.
According to the science of the Institute, at the risk group are meat commodities, cheese, confectionery and other commodities of the food and processing industry.
Y.Lupenko added that the Free trade zone extending operation between Ukraine and the European Union will influence on the stated issue.
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