Ukrainian Prime Minister Arseniy Yatsenyuk and United States' Secretary of Commerce Penny Pritzker after talks on Oct. 26 made a statement, which, in particular, concerns the development of a roadmap for taking steps aimed at attracting private capital.
“As a result of our consultations, both sides developed a roadmap featuring several short-term, actionable steps that will further increase business confidence and attract private capital. Both sides underscored the urgency of such steps and the importance of actions by both Ukrainian government officials and the Verkhovna Rada to deepen the said reforms,” reads a joint statement by the officials.
“With the support of the United States, Ukraine will intensify anti-corruption efforts through reforms in the Prosecutor General’s Office and implementation of judicial reform, improve tax administration to ensure a level playing field for all companies, reduce gas royalty rates to encourage investment by world class firms, continue deregulation and eliminate unnecessary licensing and permitting, approve and implement anti-piracy legislation to support intellectual property rights, fully execute an e-procurement system and complete accession to the World Trade Organization’s Government Procurement Agreement,” reads the document.
“Ukraine also underscored its commitment to move forward on putting in place agricultural standards that will attract investment; development and implementation of a thoughtful and transparent privatization plan that provides genuine opportunities for international investors; and civil service reform,” according to the posting.
