China-Ukraine first half trade value up 31.3pc to US$3.3 billion

FIRST half trade value between China and Ukraine increased 31.3 per cent year on year to US$3.3 billion, reports Xinhua.

President Hu Jintao and Ukrainian President Viktor Yanukovich met in Beijing on September 2 to express their willingness to increase the bilateral trade to $10 billion by 2012. Highlighted sectors for co-operation involve finance, infrastructure development, aerospace, business, customs and quarantine, railway lines and electricity. Both countries agree to establish a joint business council, formed by the Chamber of Commerce of Ukraine and the Chinese International Trade Promotion Committee.

Chinese companies, under a contract signed in the ceremony, will undertake the construction of a $950-million city rail line connecting the airport in Kiev, the capital city of Ukraine.
(Source:www.schednet.com)