Economy ministry to update Ukraine's export strategy

Deputy Minister of for Development of Economy, Trade and Agriculture of Ukraine Oleksandr Romanishyn has said the ministry will soon start updating Ukraine's state export strategy for 2017-2021.

Read alsoCabinet outlines thirty most important directions in Ukraine's Economic Strategy until 2030He made the comment during debates on the draft National Economic Strategy of Ukraine until 2030, as reported by an UNIAN correspondent on February 2.

"We're planning to analyze the results of the current export strategy and develop recommendations for its renewal in the coming years," he said.

According to Romanishyn, a platform will be created for representatives of the state and businesses to develop proposals on export growth benchmarks, government measures to stimulate shipments abroad, as well as strengthening export institutions or creating new relevant agencies.

Background

• Exports of Ukrainian goods are projected at US$60.175 billion in 2021, at US$64.018 billion in 2022, and US$69.284 billion in 2023, according the Cabinet's updated macroeconomic forecasts.
• At the same time, imports in 2021, 2022 and 2023 will amount to US$70.591 billion, US$77.661 billion, and US$86.28 billion, respectively.