Measures to strengthen Ukrainian-American cooperation in trade, economic and investment relations. This was discussed during the meeting of the First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Oleksiy Lyubchenko with the United States Trade Representative Katherine Tai in Washington on August 30.
Oleksiy Lyubchenko underlined that Ukraine and the United States have a common priority in the development of trade policy - that trade serves society and the development of human capital. "Building common rules for digital trade and protection of intellectual property rights is a significant contribution to the development of human capital in Ukraine and the United States. Therefore, I propose to pay special attention to these areas in the future dialogue," the Deputy Prime Minister said.
He also placed a special emphasis on the long-term close cooperation, including within the framework of the Ukrainian-American Trade and Investment Council. Today, working groups on strengthening the protection of intellectual property rights, sanitary and phytosanitary measures, reducing technical barriers to bilateral trade, etc. are constantly working. The 10th session of the Council will shortly begin its work and the Ukrainian side is already preparing for it.
Katherine Tai, in her turn, noted the ambition of economic reform programs in Ukraine and stressed the importance of further transparent reforms, building systems based on the principles of the rule of law in Ukraine. She expressed confidence that these efforts will strengthen confidence in the Ukrainian Government and create a favorable environment for business development.
Moreover, U.S. Trade Representative Katherine Tai and the First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Oleksiy Lyubchenko also discussed ways to boost investment between the two countries, as well as regulatory issues, digital trade issues, intellectual property issues, improving corporate governance, and the negative impact of overcapacity in steel and aluminium in the countries with non-market economy, etc.
The sides reaffirmed their readiness to deepen trade and economic relations and maintain a permanent dialogue in the future.