• Українською
  • Export Credit Forum 2022: vision of development of financial instruments to stimulate non-raw material exports in Ukraine presented
    Ministry of Economy of Ukraine, posted 08 December 2022 13:04

    Among the key objectives for the Government of Ukraine today is to stimulate investment in the processing industry, resulting in a structural change in Ukraine's foreign trade in favor of non-resource exports, said Deputy Minister of Economy of Ukraine Taras Kachka.

    To do this, the state plans following measures:

    • to introduce a regime to promote the export of processed products depending on the stage of processing
    • to develop a mechanism to stimulate producers of the "green" sector of exports to the EU;
    • to provide assistance to new exporters who want to enter the EU market.
    • to launch insurance against war risks for investments in processing.

    With the help of the Export Credit Agency, it is planned to support up to UAH 100 billion of Ukrainian exports over the next five years.

    "This will allow us to increase total exports to USD 280 billion as well as create or save 26,000 jobs," the Deputy Minister of Economy noted. 

    Additional financial resources available for export-oriented businesses are planned to expand from 0.3% of GDP to 5% of GDP by 2025.

    The above steps will be implemented now and will become part of the post-war economic recovery plan of Ukraine.

    Taras Kachka stressed during the discussion that despite the multiple challenges and difficulties that the war creates for exporters, it also offers new opportunities. In particular, the removed barriers to EU markets, sanctions against russian companies allow Ukrainian exports to replace russian goods on world markets, while the created logistics "corridors of solidarity" and support from neighboring EU member states facilitate logistics.

    It is worth noting that the Export Credit Forum 2022 is organized by the Ministry of Economy of Ukraine, the Export Credit Agency and the USAID Competitive Economy Program.