Ukrainian Agri & Food Innovation Forum ’16 took place under the patronage of the Ministry of Agrarian Policy and Food of Ukraine on June 08, 2016. The Forum was organized as a part of the XXVIII International Agricultural Exhibition “AGRO-2016” at the National Complex “Expocenter of Ukraine”.

The Forum brought together over 350 participants from 17 countries, in particular CEOs of EBRD, IFC, AgroGeneration, Case IH, FAO, Svarog West Group, KUHN, DuPont Pioneer, FAO, Platinum Arabia, Horizon Capital, Bayer, McKinsey & Co, Vimal, Raiffeisen Bank Aval, Avantgarde Bank, Platinum Bank.

The agricultural sector traditionally remains the most attractive investment pattern due to preserving export potential, fertile land and relatively cheap labor force. Ukrainian crop farming and livestock breeding are of investment interest. The agricultural sector traditionally remains the most attractive investment pattern due to preserving export potential, fertile land and relatively cheap labor force. Both Ukrainian crop farming and livestock breeding are of investment interest. However, the prospects of the national agro-industry in the global market are not limited to wheat or sunflower oil. Ukraine has, in recent times, explored new niches of food commodities. Our producers have not only discovered the EU market, but are entering other major world food markets in China and South Asia. Therefore, there are good grounds for believing that this year both local and international strategic and financial investors will be keeping a close eye on Ukraine.

Vladyslava Rutytska, Deputy Minister on European Integration, Ministry of Agrarian Policy and Food of Ukraine, emphasized that the year 2015 was marked by a notable export growth in Ukrainian agricultural products to China. “We have managed to clear the UAH 1.3 billion barrier to agricultural exports. Ukrainian milk sellers were also afforded the opportunity to export their products to China. However, the issue of developing transportation routes remains pressing. In addition to transit potential, a New Silk Road as a strategy of cooperation with China, provides the opportunity for setting up joint enterprises or industrial parks to attract Chinese investments to Ukraine. In fact, our Chinese partners are interested in investing into joint agricultural projects. Today the new Silk Road means mutually beneficial routes and economic ties, an enabling economic area based on mutually fruitful cooperation.”

According to the Forum participants, the agricultural sector will become a driving force provided that all areas are being properly developed, including scaled-up agricultural production and processing, and implementation of innovations. The production efficiency will depend on the land market and taxation reforms, oil prices and alternative energy growth, while domestic market growth factors, changes of consumption standards within the country and foreign markets, operation of the state system of export incentives are crucial for the processing system development, said the key players of agricultural market.

The Forum was held under the patronage of the Ministry of Agrarian Policy and Food of Ukraine. The Organizer of the Forum is A7 CONFERENCES, Strategic Partner is ArtBudServiсe Construction Company.