The Memorandum legislatively determines specific directions of bilateral investment cooperation in the agricultural sector and mechanisms for encouraging investment in agriculture through the exchange of information on the investment environment in this field, including agrarian policy, rules and regulations on investment attraction, tax regulation, potential investors and their needs, as well as presence of investment companies that intend to engage in the agricultural sector and ongoing programs of investment support.
The press service of the Ministry of the Agrarian Policy and Food of Ukraine added that the supplies of agricultural products from Ukraine to Saudi Arabia made up for about 80% of the total volume of domestic exports to this state.
Read alsoPoroshenko urges Gulf Cooperation Council to pump up efforts to protect rights of Crimean TatarsAccording to the report, over the nine months of 2017, Ukraine has supplied agricultural products to Saudi Arabia worth US$309.8 million.
Ukraine's major exports to Saudi Arabia include grain ($254 million), vegetable oil ($25.2 million), meat and offal ($11 million), and poultry eggs ($1.6 million).
