Ukraine eyes deeper trade cooperation with Norway

09:49, 07 December 2012
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The acting Ukrainian prime minister said Wednesday that there is potential to be tapped in trade between his country and Norway, according to Xinhua.

"The trade turnover between Ukraine and Norway is far below potential. Both sides are interested in increasing its volume. Cooperation in various sectors of the economy will boost it," Mykola Azarov told a cabinet meeting following his Nov.29-30 visit to Oslo for talks with Norwegian Prime Minister Jens Stoltenberg and other officials.

Azarov said that the two nations will increase bilateral cooperation to reach a higher level in sectors such as agriculture, energy, fish processing, and shipbuilding.

Ukraine intends to increase grain exports to Norway, Azarov said, while adding that in the same time his country plans to import more seafood from the Scandinavian country.

Azarov also said that Kiev would continue to encourage Norwegian companies to invest in Ukraine's oil and gas industry.

Bilateral trade value between the two countries amounted to some 400 million U.S. dollars in 2011.

Ukraine mainly exports chemicals, agricultural products, ship hulls and steel to Norway, while the majority of Norwegian exports to Ukraine consists of seafood.

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