Friday, August 13, 2010

Ukraine expects USD 1.2 b turnover from arms trade with China by 2013

August 12, 2010 (UKRINFORM). Ukraine's trade in military equipment with China will amount to USD 1.2 billion by 2013, according to the forecast made by the Ukrainian Industrial Policy Ministry. The ministry's press service reported that the sixth meeting of the Chinese-Ukrainian intergovernmental commission on military and technical cooperation had recently been held and that the sides had reached a number of agreements, outlined new promising areas of cooperation and signed a respective protocol. The parties agreed that military and technical cooperation between Ukraine and China was an important component of bilateral relations. It is expected that Ukrainian-Chinese military and technical cooperation will be one of the main topics to be discussed at the talks between the leaders of the two countries during Ukrainian President Viktor Yanukovych's upcoming visit to China.