Ukraine, Japan to enhance bilateral economic cooperation

Ukraine and Japan discussed issues of enhancing bilateral economic cooperation.

Ukrainian Minister of Economic Development, Trade and Agriculture Ihor Petrashko and Japanese Ambassador to Ukraine Takashi Kurai discussed these issues during a meeting on May 28, the Economy Ministry’s press service reported.

“The purpose of the event was to discuss trade and economic cooperation and exchange experience in the fight against COVID-19,” the report says.

Over three months of 2020, the volume of bilateral trade exceeded USD 273 million, which is 20.7% more than in the same period of 2019. In particular, about USD 51 million worth of goods and services were exported to Japan.

“Ukraine is ready to further intensify a constructive dialogue on expanding the range of Ukrainian food products on the Japanese market,” Petrashko said.

Ukraine’s interest in attracting Japanese investment in promising sectors such as IT, infrastructure, agriculture, space industry, environmental protection, solid waste management, renewable energy sources and others was also noted.

As reported, as of December 31, 2019, the volume of Japanese investments in the Ukrainian economy amounted to USD 139.86 million.

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