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Ukraine has many opportunities for investment, and the creation of free trade area between Ukraine and the European Union will increase the European market by almost 7%. This was stated by President of Ukraine Viktor Yanukovych during a presentation of investment opportunities of Ukraine at the sixth World Economic Symposium in New York, the President’s press service informs.
"The introduction of a deep and comprehensive free trade area between Ukraine and the EU, according to experts, will increase the EU market by almost 7%, the production of goods and services in Europe – by more than 1%, exports of European goods and services in the world - nearly by 1%," Yanukovych said.
According to the President, Ukraine will obtain a chance to even deeper reveal its advantages in the global market. In particular, he said, the country has a much smaller competition on the domestic market compared with the EU. Yanukovych also said that Ukraine has a highly skilled labor force.
In addition, the President noted that Ukraine has a developed and competitive agriculture industry, which is showing steady annual growth of 5%, and it is twice more than the average in the EU member states.
"Exports of products in the field of information technologies in Ukraine in 2013 will be about 1.8 billion U.S. dollars. According to this index, our country is among the top five in the region of Central and Eastern Europe. So, obviously, the opportunities to invest in Ukraine are not nearly exhausted," the President said.