Ukraine Targets Iraqi Market

By John Lee.

Ukraine's Minister of Economic Development and Trade, Ihor Prasolov (pictured), has told his Iraqi counterpart Khairallah Hassan Babeker [Khayri-allah Babakir, Dr Khairallah Hassan Babiker] that Ukraine is interested in increasing exports of metallurgical products to Iraq.

At their meeting they also discussed the further engagement of Ukrainian machine-building companies in Iraqi projects, and how Ukraine can share its experience in the chemical industry.

Trade between the two countries reached $872.5 million in 2012.

Iraq's Babeker said:

"In restoring our country's infrastructure and facilities we will rely on the assistance of friendly countries, for instance, Ukraine."

He added that many Ukrainian goods were exported to Iraq through intermediaries, and it would be advisable to consider direct supply:

"We'd like to focus on direct cooperation, especially, on opening Ukrainian companies' branches and representative offices in Iraq, and transferring production capacity there."

Iraq is also reported to be interested in importing Ukrainian grain, meat and dairy products, eggs and sunflower oil.

(Source: Ukrainian News)


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