WASHINGTON – The Office of the United States Trade Representative today welcomed the Ukrainian delegation for the 12th meeting of the U.S.-Ukraine Trade and Investment Council (Council) under the U.S.-Ukraine Trade and Investment Cooperation Agreement (TICA). Assistant United States Trade Representative for Europe and the Middle East (Acting) Bryant Trick led the U.S. delegation. The Ukrainian delegation was led by First Deputy Prime Minister-Minister of Economy, Yuliia Svyrydenko. Members of the U.S. government also participated in the Council meeting.
The United States continues to condemn Russia’s unprovoked and unjustified invasion of Ukraine, and will support Ukraine including by enhancing our trade and investment ties. During the convening, USTR General Counsel Greta Peisch provided opening remarks in which she urged the delegations to work together to create an environment that encourages companies and individuals to live, work, and invest in Ukraine. Representatives of the business community and labor unions also presented remarks to the delegations.
The meeting focused on ways to help lay the foundation for a sustainable economic recovery and long-term reconstruction. Following presentations on available U.S. government tools to support Ukraine’s recovery efforts, the delegations also highlighted the importance of predictability, transparency, and the rule of law to attract foreign investment. Both sides look forward to continued work under the TICA.
Background
The United States and Ukraine signed the United States-Ukraine Trade and Investment Cooperation Agreement (TICA) in 2008. The TICA established the Council as the primary intergovernmental mechanism for discussion of trade and investment relations between the two countries.
U.S.-Ukraine bilateral trade in 2022 was approximately $2.9 billion. U.S. goods exports totaled $1.4 billion; Ukrainian good imports totaled $1.5 billion.
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