A gala opening ceremony of the first investment roadshow was held in Toronto as part of the anniversary celebration of the Canada Ukraine Free Trade Agreement (CUFTA).
The event was attended by more than 150 participants from business and public sector from both countries who appreciated the results of cooperation, as well as expressed interest in strengthening of the Canadian-Ukrainian partnership.
The representative of the Canadian government, Karim Morcos, spoke with a welcoming speech. Stepan Kubiv, First Deputy Prime Minister – Minister of Economic Development and Trade of Ukraine told about the dynamics of reforms and prospects of economic development in Ukraine.
“The success of the CUFTA is measured not only by striking new trade deals but also by ensuring that our agreements actually deliver, and we are on the right track”, said Zenon Potoczny, president, Canada-Ukraine Chamber of Commerce.
CUTIS Investment Roadshow is a new platform for developing cooperation between Canada and Ukraine in attracting investment.
During the next two days, 20 leading Ukrainian companies will present investment projects in four major sectors: Infrastructure, Natural Resources, Agriculture, and Information & Communications Technology.
The event will inform investors about large lucrative projects, share insights of CEO’s and Ukrainian Deputy Ministers, and provide opportunities to interact with decision makers on both sides of the commercial and geopolitical coin.
The selected 20 Ukrainian companies have been reviewed and examined by Crossways MK Consulting Inc. Toronto, Canada and SP Advisors, Kyiv, Ukraine. Estimated total value of selected projects is USD 1.5 billion dollars.
The Canada-Ukraine Trade and Investment Support (CUTIS) Project is a 5-year (2016-2021) Canadian development assistance initiative designed to lower poverty in Ukraine through increasing exports from Ukraine to Canada and investment from Canada to Ukraine.