Ukraine’s top diplomat in Qatar is attaching “great importance” to the development of the Eastern European nation’s trade and economic co-operation with the Gulf country, which he describes as a “reliable partner in the Gulf region.”
“Ukraine is very satisfied with the intensification of its bilateral economic co-operation with Qatar. It is important to maintain the positive dynamics of economic dialogue,” ambassador Andrii Kuzmenko told Gulf Times Saturday.
He said, “I have the pleasure to point out a noticeable increase in the overall trade between our countries from 2017 to 2021. In 2020, the total trade turnover between Ukraine and Qatar significantly outperformed the figures of 2019 ($82.26mn) and amounted to $139.15mn. That sounds promising but still far from both sides’ ambitions and potential.”
In the first 10 months of 2021, Kuzmenko said, Qatar and Ukraine were able to “preserve a positive trend towards bilateral trade in goods” despite certain changes in trade policy aimed at combating the spread of Covid-19.
“In particular, during January-October 2021, the total volume of Ukrainian-Qatari trade in goods amounted to $151.86mn. The volume of Ukrainian exports amounted to $138.25mn, and Qatar supplied our country during this period goods worth $13.60mn. The positive balance is $124.65mn,” Kuzmenko said.
Kuzmenko also lauded the further strengthening of Qatar-Ukraine economic and political bilateral relations, citing the meetings of Ukraine President Volodymyr Zelenskyy and His Highness the Amir Sheikh Tamim bin Hamad al-Thani.
Kuzmenko earlier noted that Ukraine is becoming “more and more attractive” for foreign business, citing the country’s “great” potential and extensive domestic market, favourable geographical location, skilled manpower, scientific potential, and developed infrastructure.
“I am really glad to see an increase of interest in the Ukrainian market from Qatar's investors,” said Kuzmenko.
On the occasion of Qatar National Day, which was celebrated last month, Kuzmenko told Qatar News Agency that “despite a challenging 2021, we are extremely proud of the multifaceted partnership we have developed with the State of Qatar in various areas.
“Undoubtedly, the most prominent example is that the President of Ukraine and His Highness the Amir Sheikh Tamim bin Hamad al-Thani have managed to meet twice and discuss the topics of great importance for both the countries. In Ukraine, we do value our relations and partnership with such an important regional and international player.”
According to Kuzmenko, he is hopeful that the positive trajectory in Qatar-Ukraine bilateral relations will continue and that both countries’ “multidimensional co-operation” will yield “generous fruits.”
Related Story