Business news from Ukraine

UKRAINE, EU BEGIN INDUSTRIAL DIALOG IN BRUSSELS

6 March , 2017  

KYIV. March 6 (Interfax-Ukraine) – The deep targeted regulatory approaching with a focus on participation in European chains of creating added value, industrial outsourcing, the active involvement of Ukraine in the Horizon 2020 and COSME programs and exchange of newest technologies are the potential directions of cooperation between Ukraine and the European Union discussed during the industrial dialog in Brussels.

The press service of the Economic Development and Trade Ministry of Ukraine reported on Thursday that meetings of six working groups were held as part of the dialog on March 1 and March 2, including removal of technical barriers in trade, small and medium-sized enterprises (SME), cooperation in the aerospace area, public procurement and industry (automobile manufacturing).

“Ukraine’s integration into the European space means approaching in many spheres and sectors. Today industry is on the agenda… It is important for Ukraine to become a part of the large industrial family of the EU to continue transformation of the economy from the raw-material-intensive economy into the high-tech innovative industrial model,” the press service said, citing First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv.

Deputy Economic Development and Trade Minister, Trade Representative of Ukraine Natalia Mykolska said that the creation of the common industrial space would help Ukrainian companies to become part of European and even pan-European industrial added value chains. She said that today the EU is the main trade partner of Ukraine. Trade with the EU is growing, she said.

“Growth in the sectors with high added value is important for us. This is our industry. Proposals of working groups would help to integrate Ukrainian companies into these chains thanks to the application of European standards in industrial production in Ukraine and receiving relevant certificates, as well as thanks to the mutually beneficial access of the parities to the public procurement markets, development of cooperation between Ukrainian and European SME and expansion of cooperation in the aerospace sector,” Mykolska said.