Agricultural production in 2021 increased by 13%
For 9 months of 2021, the country's GDP increased by 2.1%. The industry also shows an increase in production. In particular, for 10 months of this year in agriculture there was an acceleration of production growth by 13%. This was reported by the press service of the Ministry of Economy.
It is reported that on December 9, an online meeting was held at the level of the heads of the Coordinating Council for Economic Cooperation with Japan under the Ministry of Economy of Ukraine and the Committee for Business Cooperation with Ukraine of the Japanese Business Federation "Keidanren". The event was chaired by First Vice Prime Minister of Ukraine - Minister of Economy of Ukraine Yulia Sviridenko and Chairman of the Keidanren Committee, Chairman of the Board of Directors of Marubeni Corporation Fumiya Kokubu.
Yulia Sviridenko noted that Ukraine and Japan have great prospects for the development of mutually beneficial economic cooperation, in particular, we are talking about trade liberalization, expanding the investment presence of Japanese business in Ukraine, joint interaction in global projects.
Yulia Sviridenko informed her Japanese colleagues about the economic situation in Ukraine, which, in the face of restrictions caused by the COVID-19 pandemic, is characterized by a recovery in activity and growth. So, for 9 months of 2021, the country's GDP increased by 2.1%. The industrial sector also shows an increase in production by 1.4% over 10 months of this year; in agriculture, in January-October, there was an acceleration in production growth by 13%.
The First Vice Prime Minister noted that in January-September 2021, the volume of utilized capital investments in Ukraine increased by 9.7% compared to the corresponding period last year. In particular, Japanese investments in Ukraine as of June 30, 2021 amounted to $ 229.6 million (+ $ 20.2 million). Today, one of the most promising mechanisms for attracting new investments in the state sector of the Ukrainian economy is public-private partnership. The Ukrainian side is interested in attracting Japanese business to the implementation of infrastructure projects.
In turn, Deputy Minister Taras Kachka stressed that a significant impetus for the development of trade and economic cooperation between the two countries will be the conclusion of the Free Trade Agreement.
”For 9 months of this year, trade between Ukraine and Japan amounted to $ 1.1 billion, which is 35.6% more than in the same period last year. In particular, Ukraine's exports increased 2.3 times. Trade liberalization will contribute to the realization of the trade potential between our countries and will stimulate business partnerships,” said Taras Kachka.
The parties discussed other important aspects of economic cooperation and noted the importance of implementing joint business projects in the field of energy, aircraft construction and aviation, mechanical engineering, IT, tourism, environmental protection, etc.