Ukrainian President Petro Poroshenko has invited Canadian businessmen to take part in the privatization process in Ukraine.

"We have invited Canadian businessmen to take active part in the privatization process that would be transparent, effect and we have received relevant consent at the business forum," Poroshenko said at a joint press conference with Canadian Prime Minister Justin Trudeau in Kyiv on Monday.

The Ukrainian president said that this would step up and simplify cooperation between the two countries.