News
30.09.2014
Ukraine cuts exports to Customs Union by third
Exports from Ukraine to the Customs Union countries fell by 30% over the past eight months. However, exports to the EU grew by over 15%, or $1.3 billion.
Ukrainian Deputy Foreign Minister for European Integration Olena Zerkal said this at a press conference in Kyiv on Tuesday, a Ukrinform correspondent reported.
"The average fall in exports to the Customs Union is now 30%. Meanwhile, we see that we have a very positive trend in exports to the European Union countries, especially after the use of trade preferences by the European Union - we have growth of $1.3 billion," she said.
She noted that imports from the Customs Union countries had also declined, primarily due to reduced purchases of energy resources.
Zerkal said that problems with exports to the EU were primarily faced by Ukrainian engineering and railcar building.
Agricultural producers, especially the confectionery industry and grain producers, have prospects for an increase in exports to the EU.
