15:40 29.01.2020

Wuhan coronavirus to have minimum effect on Ukraine's economy – ministry

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Wuhan coronavirus to have minimum effect on Ukraine's economy – ministry

The Wuhan coronavirus will have a minimum effect on the economy of Ukraine due to low international tourist inflow in the country, Economic Development, Trade and Agriculture Minister of Ukraine Tymofiy Mylovanov has said.

"Usually it may directly affect tourism – tourism slows down. Unfortunately, or in this case fortunately, international tourism inflow is low in Ukraine – a mere 2% of GDP," he said at a press briefing following the government's meeting on Wednesday, adding that transporters and tour operators, who are working on foreign markets, including China, might suffer some expenses on the evacuation of people, however, in general, the effect will be minimal.

"We are not forecasting a negative effect [of the coronavirus] on goods turnover. Actually, using the opportunity, we have eliminated several trade barriers for export to China, but this is not related to the coronavirus," the minister said.

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