The opening ceremony of the first Canadian-Ukrainian investment forum CUTIS Investment Roadshow was held in Toronto, Canada, in the frames of the celebration of the anniversary of the Canada Ukraine Free Trade Agreement (CUFTA).
The Ukrainian delegation headed by First Vice Prime Minister/ Minister of Economic Development and Trade of Ukraine Stepan Kubiv comprises Deputy Minister of Energy and Coal Industry of Ukraine on European Integration Natalia Boiko, Deputy Minister of Infrastructure of Ukraine on European Integration Victor Dovgan, acting Head of the State Property Fund of Ukraine Vitalii Trubarov, Head of the Antimonopoly Committee of Ukraine Yurii Terentiev and others.
The event gathered together more than 150 participants from business and public sector of the two countries who highly appreciated the interim results of cooperation, as well as expressed interest in deepening the partnership.
CUTIS Investment Roadshow is aimed to become a new platform for enhancing cooperation between Canada and Ukraine in leveraging investment.
During October 23-24, within the scope of the Investment Forum, 20 Ukrainian companies will show off projects in four key areas such as infrastructure, natural resources, agriculture and information and communication technologies. The projects were reviewed and examined by the Canadian company Crossways MK Consulting Inc. and the Ukrainian office of SP Advisors.
In particular, infrastructure projects will be presented by Galnaftogaz Retail (trade in fuel), AVELANA Gold (gold extracting and mining), Energy Privatization Projects (electricity distribution and generation), UMG Investments (a producer of high quality chalkstone), and TIU Canada (a renewable energy market operator in Ukraine).
During the event, Canadian investors will have an opportunity to get familiarized with investment projects, exchange views with Ukrainian officials, and establish informal contacts with representatives of Ukrainian businesses. Particular attention will be paid to the privatization potential of Ukraine.
The Canada-Ukraine Trade and Investment Support (CUTIS) Project is a 5-year (2016-2021) Canadian development assistance initiative designed to lower poverty in Ukraine through increasing exports from Ukraine to Canada and investment from Canada to Ukraine. The CUTIS project implements U CAN EXPORT Export Support Program in five priority sectors: clothing, footwear, furniture, confectionery, and IT services and is financed by the Government of Canada through the Ministry of Foreign Affairs of Canada.