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Ukrainian exports to Customs Union states dwindling — FM

September 30, 2014, 16:34 UTC+3 KIEV
Ukraine knows how to use its potential for boosting trade and developing new internal markets, Ukrainian Foreign Minister Pavlo Klimkin says
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Ukrainian Foreign Minister Pavlo Klimkin

Ukrainian Foreign Minister Pavlo Klimkin

© EPA/JULIEN WARNAND

KIEV, September 30. /ITAR-TASS/. Boosting of Ukraine’s trade with the European Union has actually compensated for the decline in Ukrainian exports to the Customs Union (Russia, Belarus, Kazakhstan) members, Ukrainian Foreign Minister Pavlo Klimkin said on Tuesday.

“We understand we should concentrate the efforts in view of the fact that our exports and trade turnover with the Customs Union member countries is rather radically declining as a result of restrictions we feel on that market,” he said.

The foreign minister said that the Ukrainian side “knows how to use its potential” for boosting trade and developing new internal markets. “We study the experience of new EU member states, we know the effect from the further use of European Union’s preferences,” Klimkin said.

Tuesday’s meeting centred on providing the maximum political and diplomatic support to Ukrainian producers that are engaged in exporting goods to Russia, helping them to diversify the sales markets.

Klimkin said the meeting participants would draft “an informal plan of action and the outlook on the way of interaction between the power and businesses on external markets”. “We want to build an efficient European model of assistance to businesses,” the Ukrainian foreign minister said.

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