The American Chamber of Commerce in Ukraine Participates in the President’s Investors Advisory Council
The American Chamber of Commerce in Ukraine continues to work towards improvement of the Ukrainian investment environment and has therefore, been actively engaged in the Domestic and Foreign Investors Advisory Council activities under the President of Ukraine. The first Plenary Meeting of the Council took place on June 23.
"Myself and our organization remains committed to continuing to do what we can to assist in the process of implementing necessary reforms that will ensure Ukraine is competitive in the global arena and able to move from a country of great "potential" to a country that is seen as a success story on the border of the new larger Europe. We hope that this forum will provide yet another opportunity for the private sector to successfully engage and assist in shaping public policy that impacts investors," Jorge Zukoski, President of the American Chamber of Commerce in Ukraine, stated in his remarks.
The President of the American Chamber of Commerce in Ukraine further stressed that, looking to the future, there remained a lot of work that needed to be done to further push the reform agenda forward. One key area that the American Chamber of Commerce in Ukraine sees as being important is the implementation of new laws, regulations and technologies that will reduce corruption and strengthen the rule of law in Ukraine.
An important and tangible project that would successfully reduce corruption is the implementation of an extensive e-governance platform reducing the interaction of business and the citizens with bureaucrats, as well as streamlining and making more efficient and securing the information sharing among government institutions.
Jorge Zukoski also highlighted tangible progress in the fuel and energy sector with the recent inclusion of a "stabilization clause" in the PSA law passed by the Verkhovna Rada in the second reading and awaiting President Yanukovych's signature. This stabilization clause is one of the key elements much needed for large scale investments in oil and gas exploration to take place in the future helping to move Ukraine down the road to energy independence.
The American Chamber of Commerce remains committed to working with the President and his team, through the Domestic and Foreign Investment Advisory Council, to accelerate reforms, attract and retain investment and create a more competitive economy based on free market principles that will benefit Ukraine and her people.