13:35 16.09.2009

Ukraine, South Africa discuss trade, economic cooperation

Ukrainian Economy Minister Bohdan Danylyshyn and South Africa's Ambassador to Ukraine Andries Venter have discussed trade and economic cooperation between the two countries, the Ukrainian Economy Ministry's press service reported on Wednesday.

The sides said that cooperation in the energy sector was a priority.

Danylyshyn said that Ukraine wanted to use unique South African technology in the production of liquid fuels from coal.

"The start of a practical dialogue on this issue opens up great opportunities for our countries and the further joint promotion of the project in other interested countries," he said.

The sides said that cooperation in the sphere of high technology was also promising. In particular, Danylyshyn focused on promising areas of cooperation in the space sector.

"We are ready to use our potential as a space-faring nation in order to increase the level of interaction between our states in the newest space technology and ensure there are new long-term prospects for further Ukrainian-South African cooperation, and further joint promotion on the global market of space services," he said.

He also stressed the importance of drafting a joint project for the creation in South Africa of a center for servicing aviation equipment produced at the Kyiv-based Antonov Design Bureau.

Danylyshyn also said that the trade between the two countries had been growing rapidly over the last two years. He said that last year's trade had grown by 5.4 times to $375.1 million. South Africa ranked second (after Ghana) among all African countries in 2008 in terms of products imported to Ukraine, he said.

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