News
19.09.2013
Ukraine will considerably up sweets export after signing of Association Agreement
Ukraine will boost confectionary exports to European countries by USD 300-400 million as a result of signing the Association Agreement with the EU.
First Deputy Agrarian Policy and Food Minister Ivan Bisiuk has said about this, the Cabinets press service informs.
Since the beginning of the current year, the EU boosted confectionary exports and considerably increased its share of presence on the Ukrainian market. But simultaneously in the Draft Agreement on creation of the free trade area with the EU, liberalization of the customs regime is envisaged by three confectionary groups - sugar, flour and chocolate, a statement reads.
The EU confectionary market volume is estimated at EUR 40 billion, whereas the volume of our traditional market - the Customs Union- is estimated at EUR 3 billion. If Ukrainian enterprises occupy even a small niche on the EU market, this will lead to a considerable increase of the confectionary internal output.
As Ukrkondprom Association experts believe, potentially it is possible to bring exports of the sector products to USD 2.5-3 billion, which will enable reducing the devaluation pressure on the national currency, considerably increasing tax revenues to the budget and raising employment in this sphere by 2%.
