The status of a candidate member of the European Union will give impetus to a new trajectory of Ukraine’s GDP growth and a positive signal to investors, Andriy Hunder, President of the American Chamber of Commerce in Ukraine (ACC), believes.
“The EU candidate status will kick-start a new GDP growth trajectory, while at the same time providing huge morale for post-war economic transformation and reform implementation. Such a move sends a positive signal to investors that Ukraine is moving in the right direction,” he said in a comment to the agency. Interfax-Ukraine.
“There is no future for transparent business in Russia. At the same time, companies will see Ukraine as a priority for post-war investment,” Gunder said.
He also expressed confidence that with a positive decision on such a status by the EU members, Ukraine will make every effort to implement all the necessary reforms as soon as possible. In particular, to introduce real and effective judicial reform, the rule of law, fair justice and the establishment of a level playing field for business.
“We will see a comprehensive approach to creating a strong state and a competitive economy,” Andrei Gunder stressed.
“The message on the status of Ukraine’s candidate for membership in the European Union is clear – Ukraine is returning home. Ukraine is returning to the European family of peoples, the values it shares, and, once and for all, is moving away from the yoke of Russia’s cruel suffocation,” he said.
Acceleration of Ukraine’s membership in the European Union by approximating national legislation in the field of competition, customs, healthcare, protection of intellectual property rights, media, etc. to EU legislation is one of the key priorities for member companies of the American Chamber of Commerce in Ukraine for the post-war economic recovery of Ukraine, added the ACC President.
Prime Minister Denys Shmyhal hopes that Ukraine will receive the status of a candidate for membership in the European Union no later than June 2022.
“We met with the leadership of the European Union in Kyiv. Received a questionnaire that must be completed in order to obtain candidate status for EU membership. We started working on it. We expect that Ukraine will be able to receive such a status no later than June of this year,” Shmygal said in his address on Tuesday evening.