EU countries invested more in Ukraine over recent 20 years against the Customs Union states. Up-to-date equipment makes up the most considerable part of European import to Ukraine, whereas the Customs Union imports mainly energy resources.

Head of the Ukrainian League of Industrialists and Entrepreneurs Anatoliy Kinakh has said at a conference “Risks of Economic Disintegration and Search of New Formats of Cooperation between Ukraine and the Eurasian Union” in Kyiv on Wednesday, UKRINFORM reports.

“Total volumes of direct foreign investments in Ukraine are slightly more than USD 40 billion over 20 years of independence, almost 80% - are investments from the European Union countries. The share of direct foreign investments from the Customs Union countries is actually at the level of 7-8%. Therefore, we would like that our partners understand our realities and strategic goals. And when we speak about Eurointegration - this is not a political conjuncture,” he said.

As Kinakh noted, in the structure of import from Customs Union countries to Ukraine energy resources make up 65-70%, and in the structure of import from the EU to Ukraine, investment import makes up about 40%, “technologies, machinery, equipment, which are necessary for modernization of our economy.”

At the same time, the ULIE head added, the share of the Customs Union countries prevails in Ukrainian export. “For today, the share of the Customs Union in Ukrainian foreign trade makes up about 40%, the share of the European Union actually in 2011 is about 30%. I fully share worry that today Ukrainian export to the EU has a very small share of science intensive products. This is our structural and systemic problem, but only our,” he stressed.

According to Kinakh, Ukraine should build such relations which would promote modernization of the economy, rising of competitiveness and would create favorable conditions for cooperation with partners on equally mutual terms.

“It is important for us that integration of our country was not on the principles of raw- material appendage of developed states and an area for import consumption, but our integration must be on the basis of possibility for making competitive, with high value added tax, scientific-technical, intellectual products, and this is the basis of our place in the world system of labor distribution,” Kinakh emphasized.

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