Although politically the two nations are not closely connected, they have a long history of economic integration and trade, with Belgian investment playing a role in the contemporary Ukrainian economy.

[1] In October 2008, the two nations became further integrated in the agricultural sector too when Belgian firm Rattlerow Seghers and Ukrainian Elita Farms signed an agreement to develop pig production in Ukraine.

[2] The agreement in 2009 was made after close negotiations between the government institutes of both countries and important figures in the agricultural sector, both politically through representation and within the industry itself.

[2] The agreement not only supplies breeding stock but also expert knowledge from Belgium and training programs to enhance the efficiency of the Ukrainian pig industry and facilitate growth and production after a period of economic decline.

[2] On 23 March 2009, Ukrainian President Viktor Yushchenko and Prime Minister Yulia Tymoshenko travelled to Brussels for an international investment conference to discuss the modernisation of Ukraine's gas transit system and supplies.