Business news from Ukraine

TURKEY READY TO RECEIVE UKRAINIAN DELEGATION TO FINALIZE AGREEMENT ON FTA

Next week Turkey is ready to receive a Ukrainian delegation to finalize the technical aspects of the draft agreement on a free trade area (FTA) between the countries, Turkish Trade Minister Mehmet Muş said.
“Our delegations have already fruitfully worked on the agreement. And next week we are ready to host a delegation from Ukraine to finalize the technical aspects of the draft agreement,” the press service of the Economy Ministry of Ukraine said, citing Muş, following his videoconference with First Deputy Prime Minister Oleksiy Liubchenko on Monday.
The Turkish minister said the delegations should intensify their work and in the near future submit a draft agreement on an FTA between the two countries.
“We have several positions left where we must find a balance in our trade relations. It should be noted that during the negotiations with our Turkish colleagues we came to constructive and progressive solutions that will allow us to protect domestic markets where necessary and prepare an agreement, which will contribute to the deepening of trade relations and the development of the economies of our countries,” Liubchenko said.
According to the Economy Ministry, the videoconference was held following a phone conversation between President of Ukraine Volodymyr Zelensky and President of Turkey Recep Tayyip Erdoğan.

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DELEGATION WITH NAVAL ATTACHÉ AT UNITED STATES EMBASSY VISITS ODESA

A delegation led by the naval attaché at the United States Embassy in Ukraine Peter Mallory has arrived in Odesa, the Ukrainian Defense Ministry reports.
According to a report on the department’s website, the naval attaché visited the main base of the Ukrainian Naval Forces, where he held a number of bilateral meetings with representatives of the command of the Ukrainian Navy. The parties discussed areas of bilateral military cooperation.
“We have extensive experience of long-term cooperation with our partners, we have cooperation in terms of both training our ship crews, command and control bodies, and manning and enhancing the capabilities of the Navy at sea. Today was dedicated to cooperation in different directions – this is the training of personnel, and the replenishment of the naval personnel,” said commander of the Ukrainian Armed Forces’ Navy Oleksiy Neizhpapa after the meeting.
According to him, the issue of security in the Black and Azov Seas was also discussed.
“This cooperation is very useful and necessary for the Ukrainian Navy,” he said.

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UKRAINE’S DELEGATION READY FOR UKRAINE-EU-RUSSIA GAS TALKS IN SEPT

The Ukrainian delegation, led by Minister of Energy and Environmental Protection Oleksiy Orzhel, is ready for trilateral negotiations on the transit of Russian gas in the Ukraine-EU-Russia format in September, the press service of the relevant ministry said, citing the words of the head of the department.
“The Ukrainian delegation, which I will head, is ready to take part in trilateral gas talks this month,” the press service quoted Orzhel as saying.

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HEAD OF EUROPEAN UNION DELEGATION TO UKRAINE SEES NO THREATS TO VISA-FREE REGIME

Head of the European Union Delegation to Ukraine Hugues Mingarelli has said he doesn’t see any threats to the visa-free regime between Ukraine and the EU.
Mingarelli said that he didn’t see any threats, but Ukraine must adhere to its obligations. He said about this at the event of the European business association “New 5 year challenge: Expectations. Hopes. Concerns” on Thursday in response to a question whether he sees any threats to the visa-free regime between Ukraine and the EU.

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BUSINESS DELEGATION OF PHARMEXCIL WILL VISIT UKRAINE IN LATE NOV

The business delegation of Pharmexcil, the Pharmaceuticals Export Promotion Council of India, will visit three importing countries, including Ukraine, Turkmenistan and the Russian Federation at the end of November. The Indian Pharmaceutical Manufacturer’s Association (IPMA) said the delegation of Pharmexcil will hold business meetings with the local pharmaceutical companies and regulatory agencies to stimulate Indian pharmaceutical exports.
In Kyiv, the delegation of Pharmexcil will meet with the representatives of the Ministry of Health and pharmaceutical companies.
According to Pharmexcil, the sales of Indian medicines in Ukraine in 2017-2018 increased by 14.4%, to $95.96 million. In the 2016-2017 fiscal year, India exported pharmaceutical products worth $83.91 million to Ukraine.
India as a manufacturer in Ukraine in 2017 ranked third in terms of pharmacy sales in packages after Ukraine and Germany, and in monetary terms (in the national currency) it ranked fourth after Ukraine, Germany, and the United Kingdom. Among the Indian pharmaceutical companies that are actively working in Ukraine, in particular, are Macleods Pharmaceutical, Dr Reddy’s, Euro Lifecare Ltd.

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