India and Ukraine signed a Memorandum of Understanding (MoU) for cooperation in joint ventures and research and development in pharmaceuticals and bio-pharmaceuticals. Both countries also agreed to work towards early conclusion of an agreement to simplify visa procedures to ease movement of business people and tourists.
At the fifth session of India-Ukraine Inter-Governmental Commission on Trade, Economic, Scientific, Technological, Industrial and Cultural Cooperation in New Delhi, the Ukrainian side agreed to address the concerns of Indian pharmaceutical companies operating in Ukraine.
Pharmaceuticals constitute the bulk of India’s exports Ukraine amounting to about 375 US Million Dollars.
The session was chaired by Minister of State for External Affairs E Ahmed.
The Ukrainian delegation was led by Minister of Economic Development and Trade Ihor Mykolayovych Prasolov.
India and Ukraine also decided to hold the next session in Kiev next year on mutually convenient dates.