EU is asked by Ukraine for extension of preferences for trade in farm products beyond June 2025

As agrarian Policy and Food Minister Vitaly Koval said at a meeting of the Council on Agriculture and Fisheries (AGRIFISH) in Brussels, Ukraine had to reduce the burden on the borders of neighboring countries and return to its historical logistics routes in 2024, again exporting 88% of all agricultural goods through Ukrainian ports.
According to him, it is important to secure an extension of preferences for trade in agricultural products beyond June 2025 for the period until the end of the crisis and transitional period after it.
Koval highlighted that Ukraine is a large market for European goods used in agricultural production. For example, imports of seeds, plant protection products, equipment and fertilizers account for 61%, or $10 billion, in Ukraine’s entire agricultural sector, while the imports of finished European products to the Ukrainian market reached $6.95 billion.
Koval said that Ukrainian and European farmers do not have the same competitive edge. He also added that Ukraine is a partner for Europeans rather than a rival.

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Ukraine’s deficit of foreign trade in goods up 5.9% in Jan-Sept 2024 – statistics

Ukraine’s deficit of foreign trade in goods increased 5.9% to $20.382 billion in January-September 2024 from $19.254 billion in the same period of 2023, Ukrainian media said, citing the State Statistics Service of Ukraine. Exports of goods from Ukraine increased 12.9% to $30.839 billion in January-September 2024 year-on-year, the State Statistics Service said. Imports rose … Read more

Georgian external trade up 5.5% in January-October, Turkey, Russia, US top partners

Georgia’s external trade turnover amounted to $19.02 billion between January-October, posting a 5.5 percent year-on-year increase, with the list of top trading partners of the county topped by Turkey with $2.63 billion, Russia with $2.06 billion and the United States with $1.72 billion. Georgia’s external trade turnover amounted to $19.02 billion between January-October, posting a … Read more

Deputy Economy Minister reports strengthening of Georgia’s regional logistics hub role

Georgia’s strategic importance as a logistics gateway between Europe and Asia was emphasised by Georgian Deputy Economy Minister Genadi Arveladze on Friday during a panel discussion at the 23rd ministerial session of the Central Asian Regional Economic Cooperation Programme in Astana, Kazakhstan.
The potential of the Middle Corridor as a reliable transportation route linking the two continents was also highlighted by Arveladze. According to him, the private sector’s interest in logistics projects was increasing, against the backdrop of the growing popularity of the Corridor, and Georgia’s integration into regional and international transport networks would be “greatly enhanced” by the trend.
Ongoing strategic initiatives aimed at modernising the country’s logistics framework, including the development of the Baku-Tbilisi-Kars railway, the East-West highway, and the Anaklia deep sea port project, were also outlined. According to Arveladze, the Government showed its commitment to positioning Georgia as a key player in regional logistics by the adoption of a comprehensive logistics and demonstration of transport strategy.
The importance of enhancing cooperation among CAREC countries to facilitate smooth cross-border transportation along the Middle Corridor was stressed by the Deputy Minister. According to him, digital technologies should be used to streamline transport operations.
It’s possible to expand Georgia’s transport routes, facilitate the trade and foster sustainable economic development within the CAREC region and beyond due to coordinated policies and actions among Corridor countries. Aveladze has also noticed that the Government’s priority was to enhance port infrastructure on the Black Sea and to increase ferry traffic to neighbouring ports. He attributed an uplift in cargo turnover (a 21 percent increase in the first nine months of 2024 compared to the same period last year) to more frequent ferry connections with Romania and Bulgaria.
High-ranking officials from member countries, along with leaders from international organisations such as the Asian Development Bank, the International Monetary Fund, the World Bank, and the World Trade Organisation met during the CAREC ministerial session.
Identifying strategic goals and measures for addressing climate change in the region were in the focuse of the main theme of the session.
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.

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Ukraine exports agricultural products in 340 trade destinations, to open another 240 in next 5 years – state service

Ukraine currently has access to export its products in 340 trade destinations for agricultural products and is planning to open another 240 markets in the next five years, Ukrainian media outlets said with a reference Ukrainian State Service on Food Safety and Consumer Protection Director Sergei Tkachuk’s statement at the Kiev International Economic Forum. “We … Read more

Export of ICT services from Serbia in eight months EUR 2.62 billion – 19% higher than in same period of 2023

The export of the services of information-communications technologies (ICT) from Serbia in the first eight months of this year amounted to EUR 2.62 billion, which is 19% more than in the same period of 2023, announced the Office for Information Technologies and Electronic Government. According to the data of the National Bank of Serbia, in … Read more

Georgian Deputy Economy Minister highlights China’s role as trade, economic partner at Import Expo

Georgian Deputy Economy Minister Irakli Nadareishvili on Friday emphasised the importance of China as the country’s trade and economic partner and expressed optimism about the ongoing China International Import Expo as a platform for forging business connections for domestic exporters. Georgian Deputy Economy Minister Irakli Nadareishvili on Friday emphasised the importance of China as the … Read more