Reduction or complete cancellation of the import quotas by the European Union will allow expanding trade and economic relations with Ukraine, and changing of the export structure of domestic fat-and-oil commodities from the country, declared Stepan Kapshuk, General Director of the association Ukroliyaprom, on March 5 at the press-conference "Oilseed market: prospects for development in the second half of the season, forecast for the harvest-2014".
He said such actions will allow to Ukraine to increase the supply of products with high added value on the European market - packed refined sunflower oil, margarines and fats for special purposes.
As for imposition of autonomous trade preferences for Ukraine by the EU, S.Kapshuk noted that trading of fat-and-oil commodities will provide more than 50% of the forecasted additional revenue from the provided preferences for domestic agricultural commodities at the general level of 300 mln EUR.
He stressed that the fat-and-oil industry of Ukraine is ready to supply food commodities to the EU in line with the European qualitative standards.