Ukraine and Japan sign 56 documents on recovery of Ukraine – PM Shmyhal

Ukraine's Prime Minister Denys Shmyhal with Japanese Prime Minister Fumio Kishida during the Japan-Ukraine Conference for Promotion of Economic Growth on February 19. Photo: Denys Shmyhal/Telegram

On February 19, at the Conference for Promotion of Economic Growth and Reconstruction, Ukraine and Japan signed 56 agreements on reconstruction of Ukraine.

Prime Minister of Ukraine Denys Shmyhal shared the news on Telegram

“56 documents were signed by representatives of Ukraine and Japan at the Conference for Promotion of Economic Growth and Reconstruction in Tokyo. Among them are intergovernmental agreements, memoranda of understanding, agreements between businesses and local authorities,” Shmyhal shared the results of the conference on Telegram.

One of the most important documents addresses avoidance of double taxation and will facilitate new Japanese projects in Ukraine.

Representatives of more than 100 companies of both states were present at the conference. Ukraine signed over a dozen agreements with major Japanese organizations, including JICA, JETRO, the Export Credit Agency NEXI, and the Japan Bank for International Cooperation.

Ukrainian leader also mentioned an intergovernmental memorandum on cooperation in education and technology and emphasized that “Japan is one of the leaders in these areas. It is important to build a true partnership.”

In addition, Naftogaz and Japan will collaborate on a joint wind energy project. The Ukrainian gas transmission system operator has signed a memorandum to prepare for the modernization of gas compressor stations. Other agreements were signed in the fields of energy, telecommunications, the construction of infrastructure, and environmental protection.

“Japan has already demonstrated leadership in providing financial support to Ukraine. Now, Japan should also take a leading role in Ukraine’s economic recovery and investment,” concluded Shmyhal.

Japanese PM Kishida also announced the opening of a new government trade office in Kyiv.

“The war in Ukraine is still going on at this very moment and the situation is not easy. The promotion of economic reconstruction, however, is not only an investment for the future of Ukraine, but also an investment for Japan and the world,” said Kishida, according to Associated Press.

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