KIEV, Ukraine: Ukraine has signed a Pacific trade deal that will open new markets for its agricultural and industrial products, according to a statement released on Friday.
The deal, which was signed on Thursday, will allow Ukraine to increase exports of its agricultural products such as wheat, corn, and barley to countries in the Pacific region. Additionally, the agreement will provide Ukraine with new opportunities to export its industrial goods, including machinery, steel, and chemicals.
The Pacific nations involved in the agreement include Australia, New Zealand, and several other countries in the region. The deal is expected to significantly boost Ukraine’s trade and economic growth, creating new jobs and opportunities for the country’s citizens.
“This is a historic moment for Ukraine, as we expand our economic partnerships and create new opportunities for our businesses and citizens, This trade deal will strengthen our ties with the Pacific region and provide new avenues for growth and development.“ – Said, Ukrainian President Volodymyr Zelensky.
The agreement comes after years of negotiations between Ukraine and the Pacific nations, with both sides expressing satisfaction with the final outcome.
“We are thrilled to have finalized this trade deal with Ukraine, which will bring significant benefits to both our countries., This agreement will create new opportunities for Australian businesses and increase trade between our two nations.“ – Australian Prime Minister Scott Morrison Said.
The trade deal between Ukraine and the Pacific nations is expected to come into effect later this year, subject to the approval of each country’s respective legislative bodies.
Ukraine | A brief:
Ukraine is a country located in Eastern Europe, bordered by Russia to the east, Belarus to the north, Poland, Slovakia and Hungary to the west, and Romania and Moldova to the southwest. Ukraine is the second-largest country in Europe after Russia, and has a population of over 44 million people.
Ukraine is known for its rich natural resources, including fertile soil, extensive farmland, and mineral deposits. The country has a diversified economy, with a strong agricultural sector that produces wheat, corn, barley, and other crops. Additionally, Ukraine has a well-developed industrial sector that produces machinery, steel, chemicals, and other products.
Over the years, Ukraine has become an increasingly important player in the global trade market, with exports accounting for a significant portion of its GDP. The country’s main trading partners include the European Union, Russia, China, and Turkey.
Ukraine has been actively pursuing trade agreements with other countries and regions in recent years, in order to expand its export markets and increase economic growth. The recent trade deal with Pacific nations is one such example of Ukraine’s efforts to forge new economic partnerships and increase its global trade presence.
Statistics:
- Population: Over 44 million people (2021)
- GDP (nominal): $155.3 billion (2020)
- GDP per capita (nominal): $3,504 (2020)
- Exports: $49.5 billion (2020)
- Main exports: iron and steel, grain, sunflower oil, machinery and equipment, chemicals, wood and wood products
- Top export partners: Russia, China, Poland, Turkey, Italy, Germany, Belarus
- Imports: $57.4 billion (2020)
- Main imports: energy, machinery and equipment, chemicals, foodstuffs
- Top import partners: China, Russia, Germany, Poland, Belarus, Turkey, ItalyUkraine is the world’s largest exporter of sunflower oil and the second-largest exporter of grains, after the United States. The agricultural sector accounts for around 16% of Ukraine’s GDP, while industry accounts for around 26%. The IT sector is one of the fastest-growing industries in Ukraine, with the country ranking fourth in the world in terms of the number of IT professionals.
General Info:
- Population: Over 44 million people (2021)
- Capital city: Kyiv (also spelled Kiev)
- Official language: Ukrainian
- Spoken languages: Russian, Romanian, Polish, Hungarian
- Religions: Eastern Orthodox Christianity (the majority), Roman Catholicism, Protestantism, Judaism
- Ethnic groups: Ukrainian (78%), Russian (17%), other (5%)
- Life expectancy: 72 years (2021)
- Literacy rate: 99.7%
- Education system: 12 years of compulsory education, with free education provided by the state
- Health system: Universal healthcare system, with healthcare provided by both public and private providers
