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  • Stepan Kubiv: The number one priority for the Ministry of Economic Development and Trade in 2017 was support of domestic producer
    posted 22 December 2017 11:55

    December 21, First Vice Prime Minister/Minister of Economic Development and Trade of Ukraine Stepan Kubiv along with the deputies, who reported on the achievements of the Ministry in 2017 and announced the core objectives for 2018, held the concluding press conference.

    The First Vice Prime Minister emphasized that due to the joint work of the Government, the National Bank and the Parliament in 2017, the economy continues to grow for the second consecutive year - GDP growth in January-September 2017 amounted to 2.3%. Foreign direct investment in January-October 2017 amounted to over $ 2 billion. At the same time, according to the Ministry of Economic Development and Trade, forecast for 2018, GDP growth is planned at 3%.

    The increase of exports in January-September 2017 was to the tune of 18.5%. Among the highlights the Ministry of Economic Development and Trade (MEDT) in the development of international trade, the First Vice Prime Minister listed a number of important incentives implemented, inter alia:

    the entry into force of the Free Trade Agreement with Canada, which opened duty-free access for Ukrainian exporters to 98% of the goods markets;

    Ukraine's accession to the Regional Convention on pan-Euro-Mediterranean preferential rules of origin;

    • EU additional trade preferences for Ukrainian honey, corn, grains, processed tomatoes, as well as full liberalization of imports of foot wear, copper and aluminum products from Ukraine, and electronic equipment for reproduction of images;

    • re-launch of economic relations with China and Ukraine's inclusion in the International Trade Initiative "One Belt - One Road".

    The elaboration of the Export Strategy and the Roadmap for the Development of International Trade for 2017-2020 was a milestone of the Ministry of Economic Development and Trade in promoting exports.

    The Export Promotion Office successfully organized and implemented 8 trade missions, in which Ukrainian companies held 1000 B2B meetings (business to business).

    Moreover, Stepan Kubiv emphasized the Ministry is committed to continuing work on improving the business climate in the country. The increase of Ukraine's position in the international ranking of "Doing Business 2018’’ is a powerful indicator of the success of the Ministry's team. In 2017, more than 450 regulatory acts were cancelled that created  pressure on business. At the same time, at the initiative of the Ministry of Economic Development, a comprehensive reform of the system of state supervision (control) has been kicked off.

    The Ministry is engaged in activities  on public procurement reform. In 2017, e-commerce system Prozorro.Sales made tenders open to Ukrainian businesses, and the number of participant in tenders increased by 228%.

    The MEDT continues to work on a number of initiatives on the protection of intellectual property rights, in particular the introduction of a two-level system of public administration in the field of intellectual property, the transition to the creation of the National Office of Intellectual Property.

    The Minister and his deputies briefed attendees on topmost priorities singled out for the Ministry in 2018.