Present global challenges have created export opportunities for major players in Ukraine’s agro-industrial sector whose products have taken a wide presence in the Qatari market, an official of the Qatar-Ukraine Business Forum (QUBF) told Gulf Times.
“Based on our food market expert’s review, this tumultuous time presented wider opportunities for one of the leading Ukrainian agro-industrial holding, which successfully supplies its products, specifically eggs, to the Qatari market under the Avangardco trademark, and occupying up to 40% of the local market share,” said QUBF founder and chairperson Dr Olga Revina.
Earlier, Revina said QUBF held strategic discussions with UkraineInvest to outline the crucial segments for Qatar-Ukraine investment potential.
“These and other factors make Ukrainian agribusiness an attractive investment target. Our infrastructure, energy, chemical, pharmaceutical, and other strategic sectors are likewise open for Qatari investment and trade opportunities,” said Sergiy Tsivkach, chair of the board, UkraineInvest.
UkraineInvest is the government’s investment promotion office created in 2016 to attract foreign direct investment and assist existing investors to expand their businesses in Ukraine.
Ukraine’s main exports to Qatar are agri-food and metals, said Revina, who noted that Ukrainian exporters benefitted from “Qatar’s liberal tax system, 5% import duty, free movement of capital, as well as visa-free regime between Qatar and Ukraine.”
According to Dr Revina, a “very significant” overall indicator of robust bilateral dynamics between Qatar and Ukraine is the 2019 total trade volume, which stood at “$90mn.” She further said the figure is “the largest” since the establishment of diplomatic relations between the two countries.
“The recent cascade of positive shifts in Qatar-Ukraine relations, as well as an opportunity to reopen flights sounds very inspiring for the QUBF team and our partners because it will most surely expedite our efforts in expanding both countries’ economic horizons,” Revina noted.
To achieve this target, Revina said QUBF is working towards maintaining an e-dialogue with Ukrainian companies considered as potential delegates for the ‘Qatar-Ukraine Trade and Investment Forum’, which was postponed until October.
Similarly, she said QUBF is outlining new products and projects to be included in its business portfolio for further introduction on both markets.
The council is also exploring opportunities to establish joint collaboration among educational institutions while facilitating with Ambers Group Ukraine and Katara Centre for Amber inside Katara – the Cultural Village on an exclusive ‘Seven Dimensions’ Ukrainian ambers exhibition planned for this autumn.
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