Ukraine's Cabinet approves strategy for development of agricultural exports

Ukraine's Cabinet of Ministers has approved the strategy for the development of exports of agricultural, food and processing industry products until 2026, as well as a plan for its implementation, developed by the Agrarian Policy and Food Ministry's Reforms Support Office.

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The objective of the strategy is to determine a long-term state policy aimed at ensuring a steady increase in exports of products of domestic agriculture, food and processing industries, the ministry's press service said following a government meeting on Wednesday, July 10.

Strategic directions for the development of Ukraine's agri-exports will be boosting production and the supply of agricultural products onto foreign markets, increasing the share of value-added products in the export commodity structure, as well as opening new markets and expanding export opportunities for small- and medium-size enterprises.

As UNIAN reported earlier, in 2018 Ukraine's foreign trade in agricultural products increased by US$1.7 billion, to US$24.3 billion. Exports of Ukrainian agricultural products reached a record US$18.8 billion, while imports stood at US$5.5 billion.