Ukrainian President urged Japanese business to invest in Ukraine

Ukrainian President Petro Poroshenko invited Japanese companies to invest in Ukraine and take part in privatization of Ukrainian ports and energy sector facilities, Joinfo.ua reports with reference to the AP press service.

“I am glad to meet the most prominent representatives of Japan’s business,” Ukrainian President said.

“Bilateral cooperation has never been so dynamic in our history. It has never reached such a high level of trust,” Petro Poroshenko emphasized.

President Poroshenko 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.