China expands agricultural trade with Ukraine by opening its wheat flour market, enhancing cooperation amid rising energy imports from Russia.
China is widening its agricultural trade with Ukraine by opening its wheat flour market, reports Hong Kong's South China Morning Post. This move comes as Beijing also boosts energy imports from Russia.
China's ambassador to Ukraine, Ma Shengkun, signed a protocol with Ukrainian officials covering inspection, quarantine, and sanitary rules for wheat flour exports. The embassy in Kiev stated that the deal would deepen agricultural cooperation and strengthen the strategic partnership between the two nations.
Chinese customs data revealed that bilateral trade between China and Ukraine fell 2.6 percent year-on-year to US$7.79 billion in 2023. Agricultural products such as barley and iron ore ranked among the top imports by value.
China also sources barley from Russia; however, oil and gas remain its main imports from the country. Trade between China and Russia dropped 6.9 percent last year to $228.1 billion, still marking the third-highest level on record.
