Economic ties between Israel and Ukraine get stronger

Updated
2020-07-06

The Minister for Foreign Affairs of Ukraine Dmytro Kuleba held a phone conversation with the Co-Chair of the Ukrainian-Israeli Commission on Trade and Economic Cooperation, Minister for Higher and Complementary Education, and Minister for Water Resources of the State of Israel Zeev Elkin.


Dmytro Kuleba congratulated Zeev Elkin on entering the new Israeli Government and wished him every success in continuing his fruitful work as the Co-Chair of the Ukrainian-Israeli Commission on Trade and Economic Cooperation. Zeev Elkin noted that he is pleased to continue working on the development of relations between Ukraine and Israel, which he has been doing for many years.


The sides discussed the ratification of the Free Trade Agreement, which is expected to take place very soon. Zeev Elkin is convinced that it will open a new page in relations between the two states.


Dmytro Kuleba stressed that he pays great attention to the development of trade, investment and the IT sector and expressed hope that Ukraine and Israel are able to achieve significant results in these areas of mutual interest.


The parties also discussed infrastructure projects in Ukraine, which could be of interest for Israeli investors, in particular, construction of the airport in Cherkasy, the Cherkasy-Uman highway, as well as projects in the field of IT technology and agriculture.


Finally, Dmytro Kuleba and Zeev Elkin exchanged invitations to visit Ukraine and Israel in a convenient time.


Factsheet:


  • On June 18, 2020, Zeev Elkin was reappointed (after the formation of the new government of the State of Israel) as the Chair of the Israeli Side of the Joint Ukrainian-Israeli Commission on Trade and Economic Cooperation.


  • The Commission has five working groups, in particular on transport, tourism, environmental protection and water management, as well as the Joint Ukrainian-Israeli Committee for Scientific and Technological Cooperation.

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Eddy Dave

Chairman of IUA

15 years of experience in capital markets, investments, business development

Owner of Israeli-Ukrainian outsourcing company: 400 employees, 5 years of operations, offices in Kharkov and Kiev

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Olha Stoliarchuk

Director of IUA

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10 years of expertise in International and Ukrainian business and corporate law, energy law and antitrust law

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Mykyta Khodakivskyi

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Buyers Tour:Furniture and Interior Design Industries in Ukraine

Date:

05.02 - 08.02.2019

About

As for the Export Strategy of Ukraine 2017 - 2021, presented by the Ministry of Economy and Trade of Ukraine, the IT and creative industries (services) are one of the seven key directions. Moreover, the Ukrainian Furniture market is a fast-growing segment of the economy which augments 14% annually. That is why Architects & Designers Buyers Tour was a well-time event in terms of Ukrainian Export Strategy implementation and further policy adoption.

Partners

Purpose

  • Deep dive into Ukrainian Furniture Industry and Interior Design Ecosystem.
  • Present Ukraine`s export capabilities in the sector of architecture and design
  • Lay the groundwork for long-term business relations between Israeli and Ukrainian enterprises in the sphere
  • Demonstrate the feasibility of the Ukrainian market niche.

Results/goals reached:

  • 10 - 15 participants, architects, developers and design businesses from Israel;
  • 20 - 40 B2B meetings in Kyiv and its region;
  • 60% of participants report increased business linkages with businesses in Ukraine;
  • 40 new business contacts established during the trade mission;
  • 5000 of target audience reached by the media campaign in Israel;
  • 8 B2B itineraries company-specific developed.
Study tour“Exploring Israeli FoodTech Industry”

Date:

29.10. - 02.11.2019

About

With expertise in biotech, food e-commerce and ingredient innovations, Israel holds its position as one of the biggest food tech communities globally. At the same time, Kormotech is the leading pet food producer in Ukraine. Therefore, we have found an opportunity for promising cooperation through sharing experiences with high-tech and family companies, innovation, and R&D сenters.

Purpose

  • Deeper insight into the Israeli market niche.
  • Discover the hottest technologies, get to know innovative approaches in production, business development and sales strategies on an international scale.
  • Expand and strengthen the network.
  • Sharing experience and learning from real successful cases.

Results/goals reached:

  • 7 B2B meetings with key industry companies in Israel;
  • Bringing to negotiations with 3 Israeli companies.