Belt and Road Initiative to benefit China, Ukraine

 The Sino-Ukrainian cultural exchanges week opens in Kiev, capital of Ukraine, on April 24, 2017. (Photo/Xinhua)

The economic cooperation under the Belt and Road Initiative between China and Ukraine would bring benefits to both countries, Ukrainian officials said in Kiev on April 25, 2017.

Speaking at the China-Ukraine business forum, Deputy Infrastructure Minister Viktor Dovgan said that Ukraine may become a gate of the China's Silk Road to Europe.

"We believe that together we can implement joint projects in Ukraine and within six months Ukraine will appear as a logistic hub on China's Silk Road map," Dovgan told the forum, which is held in the framework of the Sino-Ukrainian cultural exchanges week, titled "One Belt One Road Week."

Dovgan said the Ukrainian Infrastructure Ministry pays a particular attention to the development of the Silk Road corridor through the Trans-Caspian International Transport Route (TITR), which connects China with Europe via Kazakhstan, Azerbaijan and Georgia.

In the near future, Kiev plans to launch a regular cargo train service on the TITR way, which would increase trade between Ukraine, China and other countries along the route.

Kiev views the new train service as a unique chance to boost agriculture trade with China, given fine agricultural goods produced in Ukraine and good demand for such products at the Chinese market.

"Ukraine's agricultural sector is developing very dynamically and we have great prospects for cooperation with China in this field. Currently, we are seeking ways to export fruits and berries, particularly cherries, apples and blueberries to the Chinese market," said Alexander Romanovsky, the head of international cooperation department at the Ukrainian Agriculture Ministry.

The agricultural trade between Ukraine and China has increased by five-fold in the past five years and has a potential to rise further, Romanovsky said.

He was echoed by Leonid Kozachenko, the head of the Ukrainian Agrarian Confederation, who said that Ukraine has a potential to become a breadbasket of China in the long-term.

"In the next two decades, Ukraine has a potential to triple its agricultural output. In the future, we will consume less than 20 percent of the produced food compared with about 45 percent today. So we would search for the new export markets and China is one of the most promising markets," Kozachenko said.

He noted that Ukraine, which now exports primarily grain and sunflower oil to China, has prospects to increase meat and milk products supplies after the launch of the container train along the TITR Silk Road route.