February 7, on the initiative of the Ministry of Economic Development and Trade the Cabinet of Ministers adopted a decision on the establishment of an Export Credit Agency (hereinafter - ECA) and approved its organizational documents. According to its structure ECA is a Private Joint Stock Company (PJSC).

The Government approved the Statute of the PJSC Export-Credit Agency, Supervisory Board and Board regulations, the Audit Commission of the Agency, the Procedure for conducting competitive selection of candidates for the position of the member of the Supervisory Board of ECA.

"The Export Credit Agency will facilitate Ukraine's transition from raw material exports to exports of value added goods and services. We plan to work in synergy with the Parliament to amend the ECA law in line with our position in order to make the changes necessary for the effective work of the Agency. After that, the formation of the team and the bodies of ECA, adoption of the necessary regulations, approval of the operating procedures of the agency and, ultimately, the launch of its work", First Vice Prime Minister Stepan Kubiv claimed.

Natalia Mykolska, Deputy Minister of Economic Development and Trade, stressed the adoption of the said document is a much-needed tool for the launch of the state support system and promotion of Ukrainian exporters, and this, in turn, is a top priority for the Ministry of Economic Development and Trade for the current year.