India and Ukraine Thursday discussed several areas where the two countries could cooperate and collaborate to take bilateral trade from the current $700 million to $5 billion by 2010.

In one-on-one talks characterised as "extremely friendly and warm", visiting Indian President A.P.J. Abdul Kalam and his Ukranian counterpart Viktor Yushchenko reviewed 15 ongoing joint projects.

The leaders said there were several areas where bilateral cooperation could be enhanced, including space and defence.

Calling for the development of an "action plan for the next two years", the two leaders said efforts should be made to take bilateral trade to $1 billion by 2006 and to $5 billion by 2010.

Following delegation-level talks, the two sides signed on a framework agreement on cooperation in the peaceful use of outer space and a pact on standardisation of specifications, a move that will facilitate trade.

At Ukraine's behest, India has also agreed to collaborate in the design, production and marketing of a 100-150 seater aircraft.

Three other agreements - culture, education and science and technology - are on the anvil.

Kalam, a rocket scientist himself, is slated to fly out in an IL 62 aircraft Friday to visit a missile facility in Dnipropetrovesk city, apart from meeting with academics and students at the National Academy of Sciences.

Kalam, who is on a fortnight-long, four-nation tour of Europe, arrived here after visits to Russia, Switzerland and Iceland.

He returns to New Delhi Saturday.