Ukraine and Japan signed 56 agreements on the post-war reconstruction of Kyiv

Ukraine`s Prime Minister Denys Shmyhal (L) meets with Japanese Prime Minister Fumio Kishida as a part of the Japan-Ukraine Conference for Promotion of Economic Growth and Reconstruction at Kishida`s official residence in Tokyo, Japan, 19 February 2024. EPA/ISSEI KATO

Ukraine and Japan signed 56 agreements and memorandums within the framework of the reconstruction conference in Tokyo. The agreements were made between businessmen and government officials on both sides.

The Japan-Ukraine Conference on Promoting Economic Growth and Recovery, featuring a Ukrainian delegation led by Prime Minister Shmygal, began on February 19 to promote dialogue between government officials and business sectors from both countries, The Independent reported.

The newly adopted documents include an intergovernmental convention on the avoidance of double taxation, which is an important step for Japanese business projects in Ukraine. The two governments also signed a memorandum of cooperation in the field of education and technology.

The Japan Bank for International Cooperation (JBIC), the NEXI Export Credit Agency, the Japan External Trade Organization (JETRO), and the Japan International Cooperation Agency (JICA) have signed more than 10 agreements to support Ukraine's recovery efforts.

The Ukrainian Ministry of Agriculture concluded several deals with Japanese companies for the supply of agricultural machinery to Ukraine. Naftogaz, the Ukrainian state-owned energy giant, has finalized a cooperation agreement in the field of wind energy. During the conference, a deal on the modernization of Ukraine's gas compressor stations was also concluded.

The parties signed several more grant agreements and cooperation documents in the fields of energy, telecommunications, infrastructure construction, and ecology.

"Japan has already shown a leading role in financial support for Ukraine. Now Japan must become one of the leaders of the reconstruction of Ukraine and investments in our economy," said Shmigal./BGNES