Ukrainian, Japanese companies sign cooperation memoranda

A Japanese-Ukrainian public-private roundtable took place in Berlin the day before Ukraine Recovery Conference 2024, and 23 cooperation memoranda were signed between Ukrainian and Japanese entities, Ukrainian media said, citing the press service for the Ukrainian Economy Ministry.

“Cooperation between Ukraine and Japan has been deepening systemically. Fifty-six agreements were signed at a conference in Tokyo in February this year. We have made tangible progress on each of them. Today we sign over 20 cooperation memoranda. All of them are due to develop into specific projects on the ground, and we, the government, are ready to give the necessary assistance to their implementation,” Ukrainian First Deputy Prime Minister, Economy Minister Yulia Sviridenko said.

Ukraine and Japan will deepen cooperation in infrastructure restoration, green construction, energy, agriculture, modernization of agricultural machinery, financing of affordable housing, waste recycling, healthcare, and rehabilitation and prosthetics for the wounded, media said.

The projects will have access to the Japanese technical assistance provided to Ukraine via the United Nations Industrial Development Organization (UNIDO) and totaling 188 million euros. About 30-40 projects will be implemented at the initial stage to transfer Japanese technologies to Ukrainian companies. Each project will get a grant of up to $10 million. Last week, the Ukrainian government and UNIDO announced a tender for Japanese bidders.

Sviridenko also mentioned the possible delivery of tractors to small and medium-sized farms and a memorandum of mutual understanding on using satellite images for soil analysis and sowing plans.

In her words, the Nippon Export and Investment Insurance (NEXI) will provide insurance to Japanese companies participating in recovery projects in Ukraine. In turn, the Japan International Cooperation Agency (JICA) will continue to support investment projects and to provide grants to small and medium-sized companies for the Ukrainian economic recovery.

Sviridenko thanked the Japan Bank of International Cooperation (JBIC) for helping Ukraine, including through cooperation with G7 members and international institutions in building the EBRD-G7 DFI-EDFI co-investment platform for Ukraine.

It has been announced in Berlin that the Japan External Trade Organization (JETRO) will open an office in Kiev, the Ukrainian Economic Ministry’s press service said.

Source Link