News Tag: investment
CUTIS held a training workshop on investment facilitation negotiations

CUTIS project conducted a two-day training workshop on investment facilitation negotiations in Kyiv on 26-27 November 2019.

The workshop was organized for trade and investment officials from the Ministry of Economic Development,Trade and Agriculture (MEDTA), Ukraine Investment Promotion Office (UkraineInvest) and other government agencies involving in investment review, approval and facilitation processes.

The key objective of the workshop is to support the Ukrainian government in preparing for investment facilitation negotiations under the WTO and other trade negotiating fora. Ukraine is actively negotiating free trade agreements with other countries (including Canada) which may include investment facilitation and other investment-related matters. As a result, it is important that Ukrainian trade negotiators and other stakeholders be prepared for investment facilitation negotiations.

Keynote speaker:

  • Wenguo Cai, Director, International Programs, CBoC
  • Oleksandra Brovko, Senior Trade and Investment Policy Expert, CUTIS

The workshop provided the background context on investment facilitation at the WTO and the background context on international investment agreements, including the historical developments and traditional treaty approaches to promoting foreign investment.

Elisabeth Tuerk, Chief, International Investment Agreements Section, UNCTAD presented the UNCTAD’s global action menu for investment facilitation.

Two CUTIS trade experts from Ottawa and Kyiv made presentations on some specific investment facilitation measures for potential inclusion in a multilateral investment facilitation agreement. A total of 10 investment facilitation measures were presented and discussed during the two-day workshop.

Finally, the workshop conducted a group activity and a plenary discussion, assessing Ukraine’s readiness for negotiating the investment facilitation agreement, and for implementing those investment facilitation measures.

(Українська) Україна — Канада: зерна майбутніх інвестицій

Sorry, this entry is only available in Ukrainian.

Study Tour in Geneva: Ukrainian delegation visited the World Trade Organization and the World Investment Forum

The Ukrainian delegation visited a number of international trade and financial organizations during the Study Tour on Services Trade and Investment Negotiations in Geneva organized by the Canada-Ukraine Trade and Investment Support Project (CUTIS). The delegation included officials from Ministry of Economic Development and Trade and National Commission for State Regulation in the Area of Financial Services Markets.

The main goal of the tour is to gain new knowledge in such important for Ukraine areas as services trading and foreign investments attracting. Besides, Ukrainian officials got the chance to exchange experience with colleagues from other countries.

The tour program was quite intensive. The Ukrainian delegation had the opportunity to visit the World Trade Organization (WTO), the World Bank Office, the United Nations Conference on Trade and Development, the International Institute for Sustainable Development, and the permanent missions of the EU, the USA, Canada, and Ukraine.

Marie Isabelle Pellan, WTO Counsellor in the Trade in services and Investment Division delivered a training session on “Energy-related and environmental services.” Services in the energy sector are of fundamental importance to economic and social development.

The Ukrainian delegation also attended the Investment Promotion Conference and visited the session “Talking Business: Eastern Europe and Central Asia” at the World Investment Forum in Geneva.

Besides, Ukrainian officials participated in the interactive breakfast organized by the World Economic Forum and ICTSD International Centre for Trade and Sustainable Development. Ukrainian delegates exchanged views on sustainable investment policies issues with colleagues from Zimbabwe, the Netherlands, Botswana, and Brazil.

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.

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.

Canadian company plans to invest $1,1 billion into a mining project in Krivyi Rih

Canadian company Black Iron is ready to invest $ 1.1 billion into the iron ore career near Kryviy Rih.

The result of a meeting between Canadian investors and the city authorities of Kryvy Rih are reported by “Pershiy Diloviy”.

According to the publication, this project could become the largest industrial investment in Ukraine over the last five years.

Black Iron plans to build a career in mining iron ore and processing plant on 112 hectares of Shimanovsky deposit near the Rudnikove village.

“According to the project, construction will be carried out by Ukrainian companies, but under the guidance of Canadian specialists. The development will be carried out in accordance with high standards and state-of-the-art technologies. The total of four companies in the world are built according to such standards,” – the message goes.

The issue of the allocation of a land area for the project, which is currently owned by the Ministry of Defense, remains unresolved. A Canadian company is ready to acquire a new similar area of land for Ukrainian military personnel and equip a similar proving ground for all NATO standards there.

CUFTA: Opening Doors concluded with events in Ottawa, Montreal & Toronto

On October, 11, 12 and 16 three last networking events of the CUTIS project’s CUFTA: Opening Doors tour happened in Ottawa, Montreal and Toronto.

All three events covered the benefits of the Canada-Ukraine Free Trade agreement (CUFTA) to Canadian business, its role in enhancing the role of women in Canada-Ukraine trade as well as Canadian business success stories in Ukraine and investment opportunities in Ukraine.

Ukrainian Ambassador to Canada Andriy Shevchenko joined the event in Ottawa and delivered his remarks about the prospects of the CUFTA.

“Opportunities of the free trade in Ukraine are real and Canadian firms are already enjoying the benefits”, – he emphasized.

The events in Ottawa, Montreal and Toronto were joined by distinguished quests: Diane Frances, world renown journalist and author, Wayne Gudbranson, CEO, Branham Group, Roman Masley, Managing Director at SHI Capital, Daniel Zaharychuk, Trade Commissioner, Eastern Europe & Eurasia, Government of Canada, Dr. Paul Melekhov, Vice-President, Eastern Europe, Pharmascience Inc., Oleh Khavroniuk, First Secretary for Economic Issues, Embassy of Ukraine in Canada and many others. All the meetings were moderated and supported by the CUTIS project experts and managers.

See photos from all three events below.

We hope meetings during the last month have inspired the Canadian business to look at Ukraine and analyze the potential benefits of the free trade. Our team continues to seek Canadian partners and investors who are ready to work with Ukrainian business.