CUTIS celebrates the first anniversary of the CUFTA and kicks off the CUTIS Investment Roadshow

The Canada-Ukraine Trade and Investment Support (CUTIS) project with the support of the Canada-Ukraine Chamber of Commerce in partnership with Crossways MK Consulting Inc. have organized the first ever Investment Roadshow. The main objective of CUTIS Investment Roadshow is to develop Canada-Ukraine investment collaboration.

Investment Roadshow is part of the celebration of the first anniversary of the Canada-Ukraine Free Trade Agreement (CUFTA), which came into force on August 1, 2017.

CUTIS project celebrated the first anniversary of the CUFTA on Monday, October 22, 2018 from 6:00 p.m. to 9:00 p.m. at the Design Exchange, Toronto.

Key notes were delivered by Stephan Kubiv, First Vice Prime Minister & Minister of Economic Development and Trade of Ukraine and Zenon Potoczny, President, Canada-Ukraine Chamber of Commerce.

“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. Most recently, Brookfield Asset Management announced their support of the Lviv Innovation District IT park, which will include office buildings, campuses and labs, kindergartens, shopping malls and the Ukrainian Catholic University. This $160 million dollar, 10-ha IT park is the biggest infrastructure project of the Lviv IT industry and was initiated by a group of Lviv based international IT companies, such as N-iX, SoftServe and Global Logic and the Lviv IT Cluster.” said Zenon Potoczny, president, Canada-Ukraine Chamber of Commerce.

On Tuesday, October 23rd and Wednesday, October 24th Toronto’s Bay Street players met Ukraine. 20 leading Ukrainian companies presented investment projects in four major sectors: Infrastructure, Natural Resources, Agriculture, and Information & Communications Technology.

The event informed investors about large lucrative projects, shared insights of CEO’s and Ukrainian Deputy Ministers, and provided 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.

“We pride ourselves on showcasing the right companies to the right people and creating an immersive setting that will drive stronger investor engagement,” said Markiyan Markevych, president, Crossways MK Consulting Inc. “An important component of the Investment Roadshow is to market Ukraine’s potential, and encourage opportunities for economic growth for both partners.”

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.

The CUTIS project implements U CAN EXPORT Export Support Program in five priority sectors: clothing, footwear, furniture, confectionery, and IT services.