Deputy Minister of Economy of Ukraine Taras Kachka thinks that one of the key tasks for the Government of Ukraine today is to stimulate investment in the processing industry, resulting in a structural change in Ukraine’s foreign trade in favour of non-raw material exports, said.

To this end, the state plans the following measures:

• to introduce a regime to promote exports of processed products depending on the stage of processing; 
• to develop a mechanism to encourage producers of the “green” sector of exports to the EU; 
• to provide assistance to new exporters who want to enter the EU market; 
• to launch insurance against war risks for investments in processing. 

With the help of the Export Credit Agency, the plan is to support up to UAH 100 billion of Ukrainian exports during the next five years.

“This will allow us to increase total exports to USD 280 billion and create or save 26,000 jobs,” the Deputy Minister of Economy noted. 

Additional financial resources available for export-oriented businesses are planned to expand from 0.3% of GDP to 5% of GDP by 2025.

These steps will be implemented now and will become part of the post-war economic recovery plan of Ukraine.

Taras Kachka stressed during the discussion that despite the multiple challenges and difficulties that the war creates for exporters, it also offers new opportunities. In particular, the removed barriers to EU markets, sanctions against russian companies allow Ukrainian exports to replace russian goods on world markets, while the created logistics “corridors of solidarity” and support from neighbouring EU member states facilitate logistics.

The Export Credit Forum 2022 is organized by the Ministry of Economy of Ukraine, the Export Credit Agency and the USAID Competitive Economy Program in Ukraine.