The Ukrainian delegation headed by First Deputy Governor of the National Bank of Ukraine Yurii Kolobov with the participation of Chairman of the Board of PJSC “The State Export-Import Bank of Ukraine” Mykola Udovychenko, Deputy Chairman of the Kyiv Municipal State Administration Ruslan Kramarenko and Chief of the State Food-Grain Corporation of Ukraine Ihor Filipenko visited the People's Republic of China from 6 November to 9 November 2011. During the visit, the negotiations with the senior officials of the Exim Bank of China and the China International Trust and Investment Corporations "СІТІС" and "СІС" were conducted.

The negotiations resulted in signing the Memorandum on the implementation of the joint project between the State Food-Grain Corporation of Ukraine  and China machine-building and engineering corporation in the field of agriculture, with the project being developed and funded by the Exim Banks of both countries.

With a view to intensifying cooperation in the agrarian sector, the issue related to the possibility of establishing a special agrarian fund was discussed with the Chinese side.

The National Bank of Ukraine maintains an active dialogue with regard to developing an efficient system of mutual settlements in order to finance agriculture development projects and infrastructure by banks in both countries.