The trade between Serbia and Ukraine totaled USD 450 million in 2010, head of the Kiev office of the Serbian Chamber of Commerce Predrag Minic told Tanjug on Tuesday, adding that an increase of 25 to 30 percent can be expected in 2011.

Minic noted that as the projects that are already under way continue, the trade between the two countries could reach USD 600 million in 2011.

He pointed out that the free trade agreement which Serbia and Ukraine plan to sign next year will make Serbian goods 20 percent more competitive in the Ukrainian market and contribute to the projected trade growth.

He said there is a lot of room on the Ukrainian market for the Serbian furniture, chemical and agricultural industries.