Ukraine and Japan sign a document to support investment projects, and 14 Japanese companies are ready to invest in the Ukrainian economy.

Ukraine and Japan signed the Protocol of Discussions on the Project of Strengthening the Involvement of the Private Sector for the Reconstruction of Ukraine. The document envisages the provision of assistance by the Japanese International Cooperation Agency (JICA) for pilot investment projects implemented by Japanese businesses in Ukraine and the development of Ukraine’s private sector and its industrial policy instruments. This is expected to include recommendations for more active investment attraction from Japanese companies. JICA notes that 14 Japanese companies are ready to consider investing in the Ukrainian economy.

The Ministry of Economy of Ukraine emphasized that this document should bring about Japanese pilot investment projects in Ukraine, financing for the supply of Japanese equipment for joint projects, expert assistance from JICA to increase the attractiveness of the Ukrainian private sector for investors, and attract investment from Japanese companies.