Business news from Ukraine

Japan is interested in supporting Ukraine’s agricultural sector and training veterans

22 February , 2024  

Japanese partners have confirmed their interest in projects to support Ukraine’s agricultural sector and train veterans, and the respective teams of the two countries are working together to find ways to implement these intentions, said Vitaliy Koval, chairman of the State Property Fund, following the visit of a Ukrainian delegation led by Prime Minister Denys Shmyhal to the Conference on Economic Development and Reconstruction in Tokyo.

According to a release from the Fund, its head spoke about the key areas of the agency’s work, investment proposals for Japanese business, and new projects of the SPFU team – work with sanctioned property and the Land Bank, which is scheduled to be launched at the end of this year.

Regarding the latter project, the head of the Fund had a separate meeting with representatives of the Ministry of Agriculture, Forestry and Fisheries of Japan, as the SPFU manages 386 thousand hectares of agricultural land, which should work for the Ukrainian economy and bring profit to the state budget.

According to Koval, the meeting discussed attracting Japanese investors to the Ukrainian agricultural sector, in particular, the use of their equipment, as the need of Ukrainian farmers for mechanized machinery with a capacity of up to 200 hp is very high, and the world leaders in the production of such equipment are concentrated in Japan.

“Ukragroleasing can become their partner here. The company is managed by the SPFU and can help with leasing equipment,” said the head of the Fund.

He also called on foreign partners to pay attention to one of the most important areas of work for the whole country – retraining and training of veterans, which is the management and maintenance of agricultural machinery.

Koval said that the State Property Fund has the capabilities to assist in training: it can be conducted at the SPFU’s training centers, and such facilities will become training centers for operators and service engineers for Japanese agricultural machinery.

As reported, during the visit, the Ukrainian delegation signed 56 documents related to cooperation in many sectors of the economy of the two countries.