KYIV. Nov 30 (Interfax-Ukraine) – An agreement between Ukraine and Japan on mutual protection and promotion of investment has taken effect, Ambassador of Japan to Ukraine Shigeki Sumi has said.
“The agreement on promotion and protection of investment between Ukraine and Japan comes into effect on November 27,” he said at a press conference in Kyiv.
According to the ambassador, talks between Ukraine and Japan began in 2011, and in February 2015 the agreement was signed by Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius.
The diplomat hopes the agreement will contribute to the economic development of Ukraine.
In addition, Sumi said that Japanese businessmen are increasingly paying attention to the Ukrainian market. According to him, Ukraine’s advantage is its geographical location, the availability of skilled personnel, as well as labor costs. In this regard, the creation of production in Ukraine for exports to EU countries is a most profitable investment.
