Ukraine to Reach Surplus of External Trade Balance by 2015
OREANDA-NEWS. May 05, 2011. The First Deputy Minister of Economic Development and Trade Vadym Kopylov said that during 2013-2015 external economic trade balance of Ukraine will straighten and in 2015 the country will reach balance of payments surplus.
According to him, external economic trade balance in recent years due to various economic processes was quite varied: from 6.9 billion USD of the positive balance in 2004 to 3.1 billion USD negative balance in 2010. Vadym Kopylov noted that the sharp increase of the negative balance of external trade balance was observed in 2006-2008. In 2010-2011 we could reduce the deficit. So, for the first quarter of 2011, it was 1.6 billion dollars.
"We think that these fluctuations on the negative external trade balance will occur by 2012 because it is associated primarily with investment processes. And in the 2013-2015 years will be straighten and in 2015 - the surplus (estimated at 400-500 million)", - Vadym Kopylov announced.
According to him, smoothing the external trade balance is the result of systematic work of the Government, conducting large-scale reforms in the country. "So the 2013-2015 years give us a positive trend", - Deputy Minister of Economic Development and Trade said.
By 2015, Ukraine will reach the surplus of the external trade balance.
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