China will launch EUR 10bn investment fund for the projects in CEE region aimed at infrastructural, high tech, and mass consumption products. The Sino-CEEF Holding Company officially started on November 6, according to the Industrial and Commercial Bank of China (ICBC). China has noticed improvements in Ukraine’s investment climate as well as improving relations between the countries contribute to bilateral relation, told the vice president of International Chamber of Commerce in China.
China plans to participate in developments of industrial parks in Ukraine and attract investments into Ukraine via ICC China too. Ukraine on its turn plans to fully stand to gain from the free trade agreements with the EU, Canada, the CIS, and EFTA countries. Thus, Chinese investments, know-how and technologies can benefit from setting productions in Ukraine. At this, China mulls on establishing a free trade zone with Ukraine, as it was voiced at the forum on New Silk Road intiative.