Pakistani investors may benefit from free trade
regime between Ukraine and EU:
An exclusive interview with H.E. Volodymyr Lakornov,
Ambassador of Ukraine
We have taken an initiative of students and professors interaction of the countries through video conferences. In this regard, lectures from Ukrainian universities are delivered in Pakistani universities.During last three years, the Government of Ukraine has realized a great range of economic reforms; mostly these reforms are facilitating in opening businesses in Ukraine, right now there is no difference between the Ukrainian and foreign businessmen so it can take only couple of days for starting business in Ukraine.
Q: How can Pakistan and Ukraine further enhance bilateral trade volume and also name a few of items which can be traded by both the sides?
Ans: It is an important and interesting question, the recent video conference organized by leading educational institutions of both the countries also discussed the major trading commonalities. Some students questioned, what ordinary man get benefit out of bilateral trade. I want to comment that at present three major products including Pakistani Basmati Rice, Kinoos and textile products can have good response in Ukrainian markets. I can mention some Ukrainian products such as Sunflower Oil, agricultural products, Chocolates, Candies, energy equipment, steel, fertilizers, grains and others.
Q: How would you like to explain Ukrainian Foreign Direct Policy and which incentives your country has offered to foreign investors?
Ans: During last three years, the Government of Ukraine has realized a great range of economic reforms; mostly these reforms are facilitating in opening businesses in Ukraine, right now there is no difference between the Ukrainian and foreign businessmen so it can take only couple of days for starting business in Ukraine. Also some reforms were realized in the area of taxation; streamlining the taxation system, betterment of business climate, you may follow the changed international economic indicators of Ukraine, banking system, and very important anti-corruption reforms; eliminating the all kind of corruption from the business. Right Now Ukraine is one of the leading country which provides a cleaning of any kind of influence of corruption of authorities and it provided a jump to Ukrainian rating. Pakistani businessmen may also benefit from the changing geographical importance of Ukraine because from September 01,2017, Ukraine is in a deep and comprehensive economic and trade agreement with Europe; Free Trade Zone Plus and it provides freedom of movement, facilitation of businesses, transaction of Ukrainian and EU legal systems, adaptation of European laws to Ukrainians, business climate and many others.