Ukraine has expanded its presence in the African market with the creation of the first Ukrainian agro-hub in Ghana. Nevertheless, according to President of the Ukrainian Agrarian Confederation (UAC) Leonid Kozachenko, it needs to involve international financial institutions as security guarantors and move from exporting raw materials to supplying higher value-added products. It will consolidate Ukraine’s position in the region.
Also, Leonid Kozachenko says that Ukrainian businesses have already invested in production in Africa or supplied grain independently. However, political instability and cases of piracy hindered these attempts. Kozachenko proposes involving UN structures, particularly the Food and Agriculture Organization (FAO), to minimize such risks. Nowadays, Ukrainian goods have the share of less than 5% in total imports of African countries. According to the expert, Ukraine should follow the example of Turkey and the United Arab Emirates to increase volumes. These countries supply processed goods (flour, pasta, and cereals) rather than raw materials.
Kozachenko suggests that the state’s strategic goal over the next 10 years should be attracting about $85–90 billion in investments into domestic processing. Due to this, Ukraine’s annual agricultural exports will increase from the current $27 billion to more than $120 billion.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.
Source Link