Improving food safety to boost Ukraine’s exports
Olena Harmash
Abstract
Olena Harmash
Abstract
Ukraine has the potential to become a large exporter of dairy, meat, fruits, and vegetables, but exports to the European Union remain extremely limited, primarily because of food safety concerns. IFC is helping Ukrainian food producers such as Globino, Mriya Agro Holding, and DEY-SON to adopt better food safety procedures and standards and increase their competitiveness. As a result, investments in IFC’s client food producers have risen by $27 million, while their sales and exports have increased by $65 million since 2008.
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Ukraine has the potential to become a large exporter of dairy, meat, fruits, and vegetables, but exports to the European Union remain extremely limited, primarily because of food safety concerns. IFC is helping Ukrainian food producers such as Globino, Mriya Agro Holding, and DEY-SON to adopt better food safety procedures and standards and increase their competitiveness. As a result, investments in IFC’s client food producers have risen by $27 million, while their sales and exports have increased by $65 million since 2008.
Key concepts: Food safety, Business, European union, Ukrainian, International trade, Agricultural economics, Food science, Economics