(MENAFN - UkrinForm) A memorandum between the Cabinet of Ministers of Ukraine and the Government of the Kingdom of Saudi Arabia will promote investment cooperation in the agricultural sector of the two countries.
This was reported by the press service of the Ministry of Agrarian Policy and Food of Ukraine.
"In order to promote the investment cooperation between Ukraine and the Kingdom of Saudi Arabia in the agricultural sector, including in the field of livestock and fisheries, and to ensure the mutual exchange of information on agricultural issues, the Government by its decision approved the relevant memorandum between the Cabinet of Ministers of Ukraine and the Government of the KSA," the report reads.
At the legislative level, the memorandum determines specific areas of bilateral investment cooperation in the agricultural sector and mechanisms to promote investments in agriculture.
"In particular, according to the memorandum, Ukraine and the KSA will facilitate exchange of information in the field of investment activity, development of cooperation and implementation of investment projects, organization of investment and exhibition events," the press service reports.
The Agrarian Policy Ministry recalled that the memorandum was signed during the official visit of President Poroshenko to Riyadh at the end of last year.