Evaluating the market in Ukraine

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Business environment in Ukraine

Ukraine has faced political and economic challenges in recent years, but there have been a number of steps taken (e.g., fiscal and banking sector, corporate governance, anti-corruption reforms) that have begun yielding positive results. The country offers opportunities for Canadian exporters and investors in key sectors including agri-food, energy, power, cleantech, oil and gas, mining, transportation and Infrastructure. In mid-2016, Canada and Ukraine signed a bilateral Free Trade Agreement which ensures improved market access, by eliminating tariffs across many export groups (including industrial products, fish and seafood) and providing more predictable conditions for trade and investment. The business environment in Ukraine is challenging and requires a long-term view of the market. It is worthwhile investing time in understanding the market dynamics and culture and finding strong and trustworthy local partners. The banking sector still has structurally weak banks. Access to long-term financing remains challenging for commercial borrowers. Political violence risks are contained to eastern parts of the country.
  • Agriculture
  • Aerospace
  • Food & Beverage 
  • Mining & Metals 
  • Oil & Gas
  • Power
  • Renewable Energies
  • Transportation Services

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Jose Recinos

Senior Trade Advisor, EDC

Jose Recinos  Senior Trade Advisor, EDC