The creation of a free trade zone between Ukraine and the People's Republic of China is initiated by Member of Ukrainian Parliament, Valeriy Pysarenko.
The Parliamentarian asked the Prime Minister of Ukraine Vladimir Groysman to begin the negotiation process between Ukraine and the People's Republic of China on the introduction of the free trade zone and take all measures envisaged by international agreements and national legislation for this purpose.
According to Dr. Pysarenko`s words, the creation of a free trade zone will help to increase the flow of Chinese investment and boost bilateral trade and economic cooperation.
"Ukraine has an export-oriented economy, therefore, the more markets it has, the more protected it can feel and the stronger it becomes." People's Republic of China has the second largest economy in the world, has a significant investment potential and has the world's largest gold and currency reserve. Liberalization of trade with the PRC can significantly change the entire Ukrainian economy, "- Member of the Parliament mentioned.
Valeriy Pysarenko also believes that the agreement will open new opportunities for both Chinese and Ukrainian producers. In appeal to the Prime Minister of Ukraine the parliamentarian proposed to unite the efforts of the Parliament and the Government for achievement greater productivity in the implementation of this goal.