Considered for centuries as the “breadbasket of Europe”, Ukraine today possesses arable land which equals one third of all arable land of the European Union. Nonetheless, it is about quality, not quantity. Ukraine accounts for almost one third of the world’s most fertile black soil. With its abundance of fertile land and favourable climatic conditions, it is only natural that Ukraine is one of the world’s leading exporters. There is however, still a significant potential for growth. Government reforms, investments, technologies and integration with European standards are further improving yields and quality – making Ukrainian agriculture even more promising for the years to come.
Norway’s import of agricultural goods has more than tripled the last twenty years and today approximately half of all calories consumed are imported. Through liberalization of the land market, geographic proximity, increased efficiency, and tariff concessions we believe there are many opportunities for increased import of high-quality Ukrainian products. According to the Free Trade Agreement between Ukraine and the EFTA-states, Norway and Ukraine signed a bilateral agreement on agriculture in 2012. This provides for tariff concessions for processed goods, giving Ukrainian products equal or better market access than equivalent EU products. To find out more about the competitive advantages of Ukrainian products explore our leaflets above or calculate import tariffs on a specific commodity by browsing the Customs Tariff.
In addition to the untapped potential in trade of goods, there are considerable opportunities for Norwegian technology and solutions in a rapidly developing Ukrainian agriculture. The investment chapter in our trade agreement also gives Norwegian investors in Ukraine the same treatment as locals – in a country that made impressive leaps on the World Bank’s “Ease of doing business” index in recent years.
NUCC strives to be a useful and competent platform and partner when searching reliable partners in Ukraine. If you have any questions regarding products, exporters, tariffs, investments, or market access – please do not hesitate to contact us.