The volume of bilateral trade in goods between Ukraine and China increased by 21% to USD 5.8 billion in the period of January-August 2018, compared with the corresponding period of 2017. This was announced by First Deputy Prime Minister for Economic Development and Trade Stepan Kubiv, he CFTS portal reports.

“China is a strategically important partner for Ukraine. Our trade volume is constantly increasing. Ukrainian-Chinese bilateral trade in goods grew by 21% to about USD 5.8 billion during the first eight months of 2018,” Kubiv wrote on Facebook on Monday.

According to him, Ukraine and China plan to increase this figure to USD 10 billion within five years. “To this end, we will continue to implement the Ukraine-China action plan for implementation of the Great Silk Road and 21st Century Maritime Silk Road initiatives," he wrote.

A Ukrainian delegation headed by Kubiv is in the People’s Republic of China on a working visit from 5 to 8 November to participate in the China International Import Expo 2018.