Ukrainian food hub may be created in Egypt – Agrarian Picy Ministry

Ukrainian Agrarian Picy and Food Minister Vitalii Koval and Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt to Ukraine Barakat Ali Elleity have discussed the issue of reducing payment deferrals for Ukrainian exporters and lifting some trade restrictions.

The relevant statement was made by the Ukrainian Agrarian Picy and Food Ministry, an Ukrinform correspondent reports.

At the meeting, the parties also spoke about the possibility of creating a Ukrainian food hub on the territory of Egypt.

“In 2024, the agricultural trade turnover between Ukraine and Egypt reached USD 1.4 billion, which is 32% higher compared to 2023. Most exports consisted of corn, wheat, soybeans, and vegetable oil. Meanwhile, imports from Egypt included mainly citrus fruits, potatoes, nuts, etc.,” Koval noted.

In his words, coeration between Ukraine and Egypt should be mutually beneficial.

In the course of the meeting, the parties agreed to create a joint working group in order to devel a roadmap for resving the current issues.

A reminder that, according to the data from the Ukrainian State Customs Service, the total trade turnover between Ukraine and Egypt came to USD 1.286 billion in 2023, which is 32% higher compared to 2022.

Photo: Ukrainian Agrarian Picy and Food Ministry

Source: ukrinform.net

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