Ukrainian President Petro Poroshenko has called on Japanese companies to invest in Ukraine and take part in the privatization of Ukrainian ports and energy sector facilities, according to the presidential press service.
”Bilateral cooperation has never been so dynamic in our history. It has never reached such a high level of trust,” Poroshenko said at a meeting with representatives of the Keidanren (the Japan Business Federation) on Wednesday, according to the report.
Poroshenko informed that Ukrainian exports to Japan grew by 12% last year, while Japan`s direct investment in Ukraine exceeded $130 million.
The president also expressed his gratitude to Japanese corporation Fujikura for investing in Ukraine. The company`s activity focuses on the production of wire harnesses for leading European automotive manufacturers in accordance with Japanese quality standards. Currently, Fujikura is building a facility to produce electrical components in Lviv region.
Fujikura`s President in turn urged other Japanese companies to invest in Ukraine and use competitive advantages this developing market offers.
Poroshenko noted that Ukraine was doing everything to improve the investment climate in the country. He added a new Ukrainian government would be formed after his return to Ukraine. It will focus on such issues as the implementation of reforms and the Association Agreement with the EU, cooperation with the International Monetary Fund and the fight against corruption, he said.
The president emphasized that an agreement on mutual promotion and protection of investments signed by Japan and Ukraine in November 2015 facilitated the activity of Japanese companies in Ukraine.
The meeting with Poroshenko was attended by representatives of Toshiba Corporation, Mitsubishi Corporation, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Hitachi Ltd., Asahi Kasei, Itochu Corporation, Sumitomo Corporation, Sojitz Corporation, Teijin Limited, etc.
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