Ukraine-Japan agreement to promote the development of promising areas of investment cooperation

On Thursday, February 5, an agreement on promotion and protection of investment between Ukraine and Japan has been signed. This agreement will facilitate the development of promising areas of investment cooperation, trigger foreign investment and technology, reduce non-commercial risks facing by foreign investors and help consolidate a positive image of Ukraine as a country with a favorable investment climate in the international arena. Signing of the agreement will be an important signal to Japanese and other foreign investors that money invested into Ukraine will be out of danger, noted Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius, who signed the document from the Ukrainian side.

"Signing of the agreement provides a powerful signal to investors that their rights will be protected at the international level", Aivaras Abromavicius said.

He has also added that now there are opportunities for investors to come and gain a foothold in the Ukrainian market at quite low competition, which could then bring good profits.

"Thanks to the signing of the agreement, it is expected to increase transparency of the investment climate in the country, as well as to attract and protect Japanese investment. This document is one of the elements of Japan's assistance aimed at improving the economic situation in Ukraine", Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Shigeki Sumy, who signed the agreement from the Japanese side, noted.