Ukraine Seeks to Strengthen Economic Ties with India Amid Ongoing Conflict
'Looking to increase our economic relationship with India': Ukrainian envoy
Business Standard
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Ukraine's Ambassador to India, Oleksandr Polishchuk, expressed intentions to enhance economic cooperation with India, focusing on agriculture, steel, and technology sectors. Despite challenges from the ongoing conflict, bilateral trade has shown signs of recovery, reaching $1.7 billion last year, down from $3.5 billion before the war.
- 01Ukraine aims to expand economic cooperation with India, especially in agriculture, steel, and technology.
- 02Bilateral trade has recovered to $1.7 billion after significant losses due to the ongoing conflict.
- 03Gujarat is viewed as a key partner region for Ukraine's agricultural exports.
- 04Polishchuk emphasizes the importance of diplomatic solutions to global conflicts.
- 05Ukraine seeks international support to enhance global security and cooperation.
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During the Vibrant Gujarat Regional Conferences in Surat, Oleksandr Polishchuk, Ukraine's Ambassador to India, highlighted the country's desire to strengthen economic ties with India, particularly in the agriculture, steel, and technology sectors. He noted a recovery in bilateral trade, which reached $1.7 billion last year, a significant rebound from the $3.5 billion level prior to the conflict. Polishchuk emphasized that Ukraine sees Gujarat as a vital partner region, leveraging its reputation as a major agricultural producer. He mentioned that Ukraine offers a variety of agricultural products beyond just sunflower and grain, and is also looking to collaborate in heavy industry and IT sectors. The ambassador reiterated Ukraine's commitment to finding diplomatic solutions to ongoing global conflicts, stressing the humanitarian and economic consequences of war. He called for international support and cooperation to enhance global security, asserting Ukraine's readiness to contribute diplomatically and militarily.
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Increased economic cooperation between Ukraine and India could lead to enhanced trade opportunities, benefiting sectors such as agriculture and technology in both countries.
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