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Eastern Europe Monitoring Ukraine

Ukraine-Belgium trade turnover increased by 18% to over $1billion in 2018

Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze in Brussels met with Deputy Prime Minister – Minister of Foreign Affairs of Belgium Didier Reynders.

The sides discussed the Ukrainian-Belgium bilateral dialogue, trade and economic partnership, and interaction within the framework of international institutions.

While discussing trade cooperation, the deputy prime minister noted that in 2018 the trade turnover between Ukraine and Belgium increased by 18% compared to 2017 and amounted to over USD 1 billion. She added that such a revival of trade relations was the result of the Deep and Comprehensive Free Trade Agreement (DCFTA) between Ukraine and the EU. The parties positively assessed the results of the fourth meeting of the Joint Commission on Trade, Economic and Financial Cooperation. They noted that the next practical step should be the organization of economic and trade missions of the two countries.

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