Japan External Trade Organisation (JETRO), a Japanese government agency for trade and investment promotion and the government’s investment promotion office UkraineInvest signed a Memorandum of Cooperation. This is an important step in the development of the economic partnership between Ukraine and Japan, which will allow Japanese investors to explore investment opportunities in Ukraine and participate in the reconstruction process.
The signing was witnessed by Prime Minister of Ukraine Denys Shmyhal, Ambassador of Japan to Ukraine Kuninori Matsuda, First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine Yulia Svyrydenko, Deputy Minister of Economy of Ukraine – Trade Representative of Ukraine Taras Kachka, Deputy Minister of Foreign Affairs of Ukraine Yevhen Perebyinis and Deputy State Secretary of the Cabinet of Ministers of Ukraine Ihor Yaremenko.
The Memorandum outlined a series of specific steps to attract Japanese investment. In particular, it provides for the creation of a portfolio of individual investment projects to help Japanese investors choose the most promising areas for investment. The document also lays the foundation for joint projects that will contribute to Ukraine’s economic growth.
The Prime Minister emphasized that this would strengthen cooperation between Ukraine and Japan and pay the way for new promising projects.
“Japanese investors will be able to strengthen their business relations with Ukrainian companies and choose the most promising projects for their investments. They will implement new approaches and technologies that will contribute to the development of our economy. We expect that this cooperation will bring many fruitful results,” said Denys Shmyhal, Prime Minister of Ukraine.
The cooperation also includes information exchange, consultations, meetings, seminars and business visits.
“In cooperation with the UkraineInvest, we, JETRO, will continue to promote Ukraine’s business opportunities to Japanese companies”, said Ishiguro Norihiko, Chairman and CEO of JETRO.
UkraineInvest will attract and provide appropriate support to Japanese companies willing to make significant investments in Ukraine. Priority will be given to projects that meet the needs of Ukraine’s reconstruction and development. Strategic sectors for investment include energy, agriculture, infrastructure, automotive, IT, healthcare and mining.
“The Memorandum signed today by JETRO and UkraineInvest not only reflects our intentions to develop business relations, but also defines specific steps to attract Japanese investment to Ukraine. The joint projects that will emerge from this cooperation will become the foundation for new investment opportunities and will have a positive impact on the economic landscape of both countries,” stated Oleksandr Melnychenko, Acting Executive Director of UkraineInvest.
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