President Petro Poroshenko held a meeting with representatives of the Keidanren (Japan Business Federation).
“I am glad to meet the most prominent representatives of Japanese business,” the Head of State noted.
The President invited Japanese companies to invest in Ukraine and take part in privatization of Ukrainian ports and energy sector facilities. “Bilateral cooperation has never been so dynamic in our history. It has never reached such a high level of trust,” Petro Poroshenko emphasized.
The Head of State informed that the Ukrainian export to Japan had grown by 12% the year before and Japanese direct investment in Ukraine exceeded USD 130 million.
The President expressed gratitude to the Japanese corporation “Fujikura” for investing in Ukraine. The company is primarily focused on the production of cable networks for leading European automotive manufacturers in accordance with Japanese standards of quality. Fujikura is building a complex for production of electrical components in Lviv region. In his turn, the Fujikura President urged other Japanese companies to invest in Ukraine and use the competitive advantages of the emerging market.
Petro Poroshenko noted that Ukraine was doing everything to improve the investment climate. He added that a new Government focused on holding reforms, implementation of the Association Agreement with the EU, cooperation with the IMF and fight against corruption would be formed after his return to Ukraine.
The President emphasized that the Agreement on Promotion and Mutual Protection of Investments signed in November 2015 by Japan and Ukraine facilitated the activity of Japanese companies in Ukraine.
The meeting 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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