KYIV. Dec 3 (Interfax-Ukraine) – The Deep and Comprehensive Free Trade Areas (DCFTA) between Ukraine and the European Union (EU) which take effect from January 1, 2016 creates unique opportunities for business, when efficiency, competitiveness and quality are the decisive factors of market share, not corruption, Ukrainian President Petro Poroshenko has said.
“When it is not corruption, which is linked with our eastern neighbor “pays more have the larger market share” that will be the decisive factors of market share, but simple business factors – efficiency, competitiveness and quality – will be decisive,” Poroshenko said at the Ukrainian-Lithuanian Economic Forum during his working visit to Lithuania on Wednesday.
Speaking to the representatives of businesses of the two countries the Ukrainian president reminded the events happened two years ago when Ukrainian society and Ukrainian business were waiting for the signing of the Ukraine-EU Association Agreement.
“When it was learnt that the agreement will not be signed, next day millions of people entered the streets. They did not demand the increase of salaries or pensions, reduction of taxes or receiving any social benefits. People demanded Europe,” Poroshenko said.
The press service of the head of state reported that the forum, in particular, will present the program of privatization of Ukrainian state enterprises and investment opportunities of Ukraine. The parties will also discuss potential implementation of the Association Agreement for economic cooperation between the two countries. Special attention will be paid to the cooperation in transport and energy sectors.
Ukraine-Lithuania business forum was organized by the Ministry of Foreign Affairs of Lithuania, Association of Lithuanian Chambers of Commerce, Industry and Crafts (ALCCIC), Vilnius Chamber of Commerce, Industry and Crafts, the Economic Development and Trade Ministry of Ukraine, Ukrainian League of Industrialists and Entrepreneurs (ULIE), Chamber of Commerce of Ukraine and Kyiv Chamber of Commerce and Industry.
