Skip to content

Ukrainian prime minister sets exports, foreign investment and logistics as economic priorities for 2024

Ukrainian Prime Minister Denys Shmyhal speaks at the latest Cabinet sessions. (Government photo)

Table of Contents

The Ukrainian government's economic policy in 2024 will focus on improving logistics in the country, boosting exports and drawing more foreign investment, Prime Minister Denys Shmyhal said.

"First of all, we are expanding the geography of our exports," Shmyhal said at a Cabinet meeting. "We are promoting Ukrainian products on the global market. We are agreeing on new free trade zones and duty-free access for our goods to various countries."

He said another priority is to obtain an agreement for permanent, completely free trade with the European Union. In the meantime, the government seeks to extend the "economic visa-free regime" with the EU, which lets Ukrainian businesses export goods into the union member states without additional fees, until June of 2025.

Shmyhal offered no specific examples of planned improvements in logistics but, in regards to trade, he pointed out that the UK has just agreed to extend a tariff-free trading period with Ukraine to 2029 and Canada's parliament just approved a similar deal with Ukraine.

Latest

Ukraine, Switzerland launch local recovery governance project

Ukraine, Switzerland launch local recovery governance project

Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support

Members Public
Ukraine receives €236 million loan under World Bank's PEACE project

Ukraine receives €236 million loan under World Bank's PEACE project

Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance

Members Public