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Business climate in agribusiness in Ukraine is attractive for foreign investors today - Olga Trofimtseva

published 07 December 2016 12:23

"On the one hand, we have today in the Ukrainian agricultural sector more than 50 donor projects in cooperation with international partners. They have a different direction, but the directions of their work coincide with our designed reforming strategy "3 + 5".

Ukrainian agricultural sector today has great potential for bilateral cooperation with foreign partners. Already we see great interest of foreign investors to work in our agricultural sector.

This was said by Deputy Minister of Agrarian Policy and Food of Ukraine on European Integration Ms. Olga Trofimtseva during a conversation with journalists of UA|TV Channel.

"On the one hand, we have today in the Ukrainian agricultural sector more than 50 donor projects in cooperation with international partners. They have a different direction, but the directions of their work coincide with our designed reforming strategy "3 + 5". These projects are supported by large international organizations - the World Bank or the International Financial Corporation, and governments of many individual countries such as Canada, USA, Germany and the Netherlands. The active partner in the project work is also the European Union. On the other hand, we want to attract foreign direct investment more actively in various projects in our agricultural sector, because just they are able to provide important impetus for the development of the industry "- said Deputy Minister of European Integration.

According to the State Statistics Service as of July 1, 2016 there was invested by 3619.1 million USD in agriculture, representing only 6.9% of total foreign investment in the economy.

She added that the Ministry of Agrarian Policy and Food of Ukraine are actively working with other Ministries and the Cabinet of Ministers of Ukraine in order to make the business environment more attractive in Ukraine, including for foreign investors.

"The main task for us is working out the concept of effective management of the economy and creation of a regulatory environment that would allow businesses and investments easily feel in the country and in a particular sector. Many in this direction have already been made in terms of deregulation. But our team has not stopped on the achievements, many challenges remain on the agenda for the near future "- said Olga Trofimtseva.