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China to invest $2.6 billion in Ukraine's agriculture
05.08.2013 17:26 "Agro Perspectiva" (Kyiv) —
Ukraine’s State Food and Grain Corporation and China’s Xinjiang Production and Construction Corps (XPCC) have signed a memorandum on cooperation in supporting priority projects in agriculture. Chinese investment in Ukraine’s agricultural sector will reach more than $2.6 billion. This was announced at a meeting between Ukrainian farmers and XPCC representatives in Kyiv, NRCU reports.
According to Chairman of the Board of Directors at KSG Agro Sergiy Kasianov, the implementation of investment programs with Xinjiang Production and Construction Corps will help realize a number of initiatives set out in the National Action Plan. The issue concerns the creation of new jobs at agricultural enterprises, the provision of citizens with high-quality food, and an increase in the export potential of the Ukrainian agricultural sector. He said that the Chinese side invests not only money, but also technology in the Ukrainian agricultural sector.
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