Ukraine proposes to China creating a bilateral free trade pact.

Ukraine proposes to China creating a bilateral free trade pact. Stepan Kubiv, Economic Development and Trade Minister, proposed the pact yesterday in Beijing in a meeting with Liu He, a Deputy Prime Minister who is also vice chairman of the National Development and Reform Commission. Earlier in the week, Liu, a Harvard-trained economist, visited the Ukraine stand at the China International Import Expo in Shanghai. With China trade with Ukraine expected to hit $8.5 billion this year, Kubiv predicts it will hit $20 billion “in the next five years.”