WASHINGTON (Reuters) – The United States and Ukraine announced on Wednesday that they will launch negotiations to upgrade a bilateral 2008 trade and investment accord to support Ukraine’s efforts to establish a more transparent and predictable business environment.
In a joint statement issued after the 11th meeting of the U.S.-Ukraine Trade and Investment Council, the two countries said they would work to improve the underlying 2008 Trade and Investment Cooperation Agreement.
In opening remarks, U.S. Trade Representative Katherine Tai urged the delegations “to work together to create an environment that encourages companies and individuals to live, work, and invest in Ukraine,” the statement said, underscoring the importance of predictability, transparency and the rule of law.
U.S.-Ukraine bilateral trade in 2021 totaled about $4.4 billion.
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.
(Reporting by Andrea Shalal; Editing by Leslie Adler)