CCTV: Arbuzov’s visit rather productive

The rapid growth of trade turnover between Ukraine and China, as well as successful cooperation in the financial and energy sectors, shows that Ukrainian authorities can effectively achieve their goals.

First vice Prime Minister of Ukraine Sergei Arbuzov said this in comments to Chinese CCTV channel, summing up preliminary results of the meeting of the Intergovernmental Council for Cooperation between the two countries, said.

"The increase in turnover from $1.5 billion is an example of that we can set and achieve goals. In the last six months, we reached the trade turnover volume of $ 5.4 billion, which gives us reason to believe that trade turnover will grow, and this task is being performed," Arbuzov said.

Ukrainian vice Prime Minister called the interaction in the banking industry the most successful one. "We have signed the swap agreement at the level of central banks. After its entry into force, our Chinese and Ukrainian contractors will be able to pay on contracts in local currencies," Arbuzov said.

At the same time, China is seeking to expand investment cooperation. According to Serhiy Arbuzov at a meeting with representatives of the Chinese business circles, now Ukraine amends legislation to improve the investment climate in the country.

ССТV television reports that during his visit to China, Serhiy Arbuzov was also present during the signing of the contract between the companies involved in alternative energy projects. These are Ukrainian Green Tech Energy and Chinese China National Building Materials. At the ceremony, Ukrainian vice Prime Minister said that the state should promote cooperation between commercial entities.