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Vice PM Kubiv presents investment potential of Ukraine at summit in Mumbai

Vice PM Kubiv presents investment potential of Ukraine at summit in Mumbai
14 of January 2019 г.
First Vice Prime Minister - Economic Development and Trade Minister of Ukraine Stepan Kubiv has presented Ukraine's trade, economic and investment potential at the 25th Partnership Summit in Mumbai, India.

"First Vice Prime Minister - Economic Development and Trade Minister of Ukraine Stepan Kubiv has presented the trade, economic and investment potential of Ukraine at the 25th Partnership Summit in Mumbai, India," the press service of the Economic Development and Trade Ministry of Ukraine reports.

Ukraine is a reliable partner for trade and investment cooperation, and the Ukrainian economy shows steady growth, Kubiv noted.

"Ukraine has a wide range of projects in various areas that are attractive for raising investment and development of manufacturing of high quality products with high added value. Such areas are agro-industry and energy, industry on the whole and aircraft engineering, in particular including repair and maintenance of aircraft, delivery of helicopters for medical purposes and other civilian needs. This may be of interest to the Indian business. In turn, we offer the most favorable business climate," Kubiv said.

Kubiv noted that trade between Ukraine and India had a positive dynamics. For ten months of 2018, the bilateral trade turnover totaled $2.3 billion, where the export of Ukrainian products amounted to over $1.8 billion. Thus, India is Ukraine's largest trade partner among the countries of the Asia-Pacific region.

"Among the key tasks of our further cooperation should be industrial cooperation between the businesses of Ukraine and India. To this end, the tools of the bilateral intergovernmental commissions and their working groups in specific areas should be used effectively. The meetings of such groups in the near future will allow maintaining the positive dynamics of the interstate dialogue and intensifying the interaction between the entrepreneurs of our countries," Kubiv said.



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