They discussed ways to build closer economic, energy, investment and agricultural ties between Ukraine and Hungary, the president press office told.

The President said his government would spare no effort to make the Ukrainian market attractive to investors. He opined that the cornerstone of this process is the formulation of clear rules, helping build a productive dialogue between government and business. He said one of the priorities for the government in this context was to reduce taxes.

Victor Yushchenko also said he was taking steps to persuade parliament to pass bills enabling Ukraine to become a WTO member. He said the government was going to sign agreements on readmission and liberalization of visa requirements with the EU this October and also start talks to sign a new enhanced agreement in 2007. He reiterated that Ukraine’s foreign policy would not change.

“Ukraine is looking forward to building a maximally active dialogue with the European market,” he said.

Speaking about energy cooperation, they discussed ways to introduce energy efficiency technologies and produce biological fuel. President Yushchenko said Ukraine expected Hungary to submit proposals on joint projects in the area of energy efficiency. The business leaders said they were ready to invest in the production of fuel and development of Ukraine’s transportation infrastructure.

The President also said Ukraine would gladly use Hungary’s experience in the modernization of farms.

“Ukraine is open to full-scale economic and investment cooperation with Hungary,” he stated.


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