The Ministry of Economic Development, Trade and Agriculture of Ukraine in partnership with the Canada-Ukraine Trade and Investment Support Project (CUTIS) and the National Institute for Strategic Studies presented a report “Target commodities and services for export promotion to Canada within the Export Strategy of Ukraine” on March 5.
The research was conducted by the experts of the Ministry of Economic Development, Trade and Agriculture of Ukraine, the SE “Ukrainian Industry Expertise”, Export Promotion Office (EPO), and supported by the CUTIS project.
The study was divided into two parts. The first one is focused on the selection of most promising commodities and services of Ukrainian exports to Canada within the framework of Ukraine’s Export Strategy.
356 commodities (food and machinery industries) were analyzed, resulting in the selection of 18 target groups.
Besides, the following target services for export promotion from Ukraine to Canada were analyzed: ICT (Computer services) and Creative industries (R&D, Professional and management consulting services, Technical, trade-related, and other business services, Audiovisual and related services, Other personal, cultural, and recreational services).
In the second part, comparative analysis and rating of target commodities and services were carried out.
As a result of the study, the following priorities for export promotion were selected:
- Fruits and nuts, frozen;
- Tomatoes prepared or preserved;
- Sugar Confectionery;
- Vegetables, fruit, nuts, prepared or preserved;
- Articles of Carbon or Graphite Used For Electrical Purposes;
- Non-Electric Radiators, Air Heaters;
- Electric Domestic Heating Apparatus;
- Household or laundry-type washing machines.
- Computer services;
- Technical, trade-related, and other business services;
- Professional and management consulting services.
As Sergii Kovalov, Deputy Director of the Department of Export Development, Ministry of Economic Development and Trade of Ukraine mentioned, the next steps are development and approval of the Strategic Plan of export promotion to Canada. The ministry also plans to apply this methodology to select export promotion priorities and develop strategic plans for other markets in focus.
EPO is ready to use research results for preparing trade missions to Canada and provide consultations to Ukrainian businesses interested in exporting to Canada.