A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
European Commissioner for Enlargement Marta Kos and Prime Minister of Ukraine Denys Shmyhal announced about the EU-Ukraine Business Partnership through a Joint Statement.
"We reaffirmed our commitment to Ukraine's future in the European Union. To achieve this goal, we need to accelerate our joint efforts in support of Ukraine's accession to the EU, EU-aligned reconstruction, recovery and modernisation, as well as gradual economic integration into the EU Single Market," - they stated in the statement.
Titled "Strengthening the EU-Ukraine Business Partnership’, the Statement underscored the EU’s steadfast commitment to support Ukraine in the face of Russia’s war of aggression and to step up its political leadership at this critical time.
"Ukraine’s future lies in the EU. Through the Ukraine Investment Framework, we’re mobilising financing and unlocking opportunities for EU companies to invest in Ukraine’s recovery and reconstruction. Our resilience and determination are paving the way for sustainable growth and a stronger EU-Ukraine partnership," - Ukranian Prime Minister stated at the summit.
Both sides called the new partnership as "strategic initiative" that is aiming to deepen economic and investment ties between the EU and Ukraine. It will focuse on three key areas: advancing business environment reforms, mobilising large-scale investment, and promoting Ukraine as an attractive investment destination.
The EU and Ukraine also agreed to hold regular high-level meetings with the business community, strengthening of business partnerships, and addressing any obstacles to the EU-Ukraine business partnership. A first meeting will be held in the margins of the Ukraine Recovery Conference in Rome in July 2025.
Ukraine reaffirmed its commitment to implement key reforms aligned with its EU accession process, which are improving Ukraine's business climate and facilitating investments by EU companies in Ukraine as well as accelerating sectoral integration of Ukraine into the EU Single Market.
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