Topical issues of trade and economic cooperation of Ukraine and the EU were discussed in Kyiv


More then USD 1.5 million has been invested in the economy of Ukraine during the first 3 month of 2013. This was discussed on July 25 at the first constitutive meeting of the Ukraine-EU Dialogue on business climate.

Ukrainian delegation was headed by Minister of Economic Development and Trade of Ukraine Igor Prasolov and European delegation was headed by Peter Balas, Deputy Director General of EC's Directorate General for Trade.

Issues of improvement of investment climate in Ukraine and the development of business activities, including taxation, customs and harmonization of standards were discussed during the meeting. Particular attention was paid to the actual problems that face Ukrainian and European companies in the course of bilateral trade and economic cooperation.

Igor Prasolov stressed that the meeting would enhance bilateral trade and effective resolution of issues related to trade and investment and very important factors for achieving this goal is the timely exchange of information between government agencies and close cooperation with the business community.

Peter Balazs said that they are willing to have a constructive discussion, because it will not only give positive results, but in general will be an impetus for further deepening of partnership between Ukraine and the EU

"Yes, there are many problems, but some of them we can already now to address, given the recently adopted legislation in Ukraine. We consider that most of these problems can be successfully resolved through the active implementation of these amendments in legislation. It will help to improve the performance of the Ukrainian economy," Peter Balas said.