Emphasizing the Ukrainian agricultural focus on European markets, Alex Lissitza, president of the Ukrainian Agrarian Business Club, observed that Ukrainian farmers are collaborating on joint projects with their counterparts in the EU, particularly in Romania, Poland, and Spain. As a result, an influx of Ukrainian investment into the European Union is anticipated.
“On the one hand, we expect Europeans to come to us, and on the other, our agricultural companies will most likely go to European markets. This should be expected in the coming years,” he remarked.
Nonetheless, Lissitza pointed out that Europeans have made it clear there will be no further autonomous trade preferences for Ukraine. With no current proposal from the EU to address this matter, there is a risk of reverting to the terms of the 2015 free trade agreement after June 5, which imposes several restrictions and quotas, the expert explained.
Lissitza also noted that Ukrainian farmers will face competition from the Russian Federation in many global markets.