Ukraine and the EU could create a bloc that would cover up to 30% of global agricultural exports

The European Union and Ukraine, after integration into the union, can together create one of the most powerful players in the global agricultural market.

This is evidenced by the results of a joint study by the Leibniz Institute for Agricultural Development in Transition Economies (IAMO) and the Kyiv School of Economics (KSE), the press service of NIBULON reports.

It is noted that the results were presented during an event of the European Bank for Reconstruction and Development (EBRD) dedicated to the integration of Ukraine’s agri-food sector into the EU.

Experts found that as a result of such integration there will be:

• the potential creation of an agri-food bloc that will control up to 30% of world exports;
• the integration of 42 million hectares of agricultural land into the European market;
• prospects for growth in the production of vegetable protein, bioenergy, modernization of logistics and technologies.

At the same time, the Director of Relations with Government Authorities of NIBULON, Oleksandr Dolzhenkov, noted during his speech that European conditions for Ukrainian agricultural producers should include not only quality standards, but also access to fair financing. Without this, deep integration will remain on paper.

For its part, the EBRD presented the FAST to EU program, a comprehensive initiative to support the agricultural sector on its path to the EU, which includes: direct financing and grants, technical assistance, and support for political reforms.

Tags: EU, Nibulon, agricultural products, Ukraine