Japan plans to open JETRO office in Kiev, provide 160 mln euros for Ukraine recovery

MOSCOW. April 24 (Interfax) - Japan intends to boost its presence on Ukraine's investment market, and the Japan External Trade Organization (JETRO) will open its office in Kiev with the aim of further broadening business ties in investments and trade, Ukrainian media said, citing the Economy Ministry's statement following Deputy Economy Minister and Trade Representative Taras Kachka's meeting with the Japanese government's economic mission on Tuesday.

"The governments of Ukraine and Japan are working on a draft of an updated Agreement for the Promotion and Protection of Investment, which will facilitate economic development and steps to expand trade. In particular, it will offer Japanese investors legal protection and guarantees for their investments, a move that is a key incentive for investments in the private sector and restoration projects in Ukraine," Kachka said.

Japan plans to provide 160 million euros to support economic recovery projects in Ukraine, the ministry said. The energy sector, housing, critical infrastructure, and business support are among the program's priorities.