Ukraine expands cooperation with Keidanren Japan Business Federation
24.12.2024 | 09:47 | Section for Public and Mass Media Relations
In Tokyo, for the first time in five years, the Ministry of Economy of Ukraine and Keidanren Japan Business Federation held the ninth joint meeting with the participation of Ukrainian and Japanese businesses. The participants included energy, financial, agricultural, engineering, logistics, and construction companies. In total, about 100 Japanese companies were present. The event was also attended by a delegation of more than 20 Ukrainian companies in the fields of manufacturing, trade, agriculture, IT and others.
During the meeting, Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Fumiya Kokubu, Chair of Keidanren Committee on Ukraine Economic Reconstruction, signed a memorandum to continue and strengthen efforts to support Ukraine’s post-war reconstruction and expand bilateral cooperation.
“It is the private sector that should become the engine of economic development and reconstruction of Ukraine. Therefore, our priorities include further cooperation with Keidanren and its members. In particular, we have offered Japanese businesses to set up joint ventures with Ukrainian companies, localise their technologies and production, open business representative offices, and supply high-tech industrial equipment and spare parts to Ukraine. At the same time, we have asked the Government of Japan to provide support in restoring the destroyed production facilities and infrastructure,” Yuliia Svyrydenko noted.
According to her, Japanese companies are already actively entering the Ukrainian market and government organisations are opening their representative offices. Today, more than 40 Japanese companies operate in Ukraine.
Representatives of Keidanren noted the progress in the reforms being implemented by Ukraine and confirmed their readiness to contribute to Ukraine’s recovery, in particular in the format of public-private partnership.
Japanese companies also presented initiatives aimed at meeting Ukraine’s urgent needs and ensuring sustainable growth. The private sector representatives stressed the importance of conditions such as access to finance, reducing the risks of doing business during the war (including through war risk insurance), reviewing travel restrictions, and greater involvement of the private sector in Ukraine’s recovery projects.
Following the meeting, the parties agreed to help resolve the problems faced by Japanese companies in Ukraine.
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