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Minister Buda signed the agreement on economic cooperation between Poland and Ukraine

02.06.2022

During the Polish – Ukrainian intergovernmental consultations in Kiev under the auspices of Prime Ministers Mateusz Morawiecki and Denys Shmyhal, the Minister of Economic development and Technology Waldemar Buda and the Deputy Prime Minister of Ukraine Julia Svirydenko signed the agreement on economic cooperation in the area of trade support instruments between our countries.

POL-UKR_Cooperation_Memorandum

It was the first time the intergovernmental consultations between Poland and Ukraine were held. Poland is also the first country from the onset of the Russian invasion, which decided to schedule a meeting with the Ukrainian government in this formula. The key points of the agenda included the development opportunities of the Polish – Ukrainian trade cooperation, improving import and export and supporting Ukraine in the increase of export of its agri-food products onto the global market, including with a view to liberalisation of trade with the EU and supplies of key commodities to Ukraine.

We believe that the Polish companies will be able to support Ukraine in its recovery. We provide our full support to make this process compliant with the EU standards, which is of primary importance with a view to the Ukraine’s application for the EU membership. Ukraine may count on our support in the accession process

- stressed Minister Buda.

He added that:

“Restoring the production capacity of the Ukrainian economy as fast as possible is of pivotal importance for its recovery. We are ready for an enhanced dialogue, which could involve also the Polish Investment and Trade Agency, Polish Special Economic Zones or the Investment Fund Association of the Polish Development Fund (TFI PFR).”

The most important articles of the signed agreement provide for:

  • the enhanced dialogue between the MEDT and the Ministry of Economy of Ukraine in the field of import and export, including also establishing the contact points to inform about the trade barriers, restrictions in the international payments and protective measures;
  • the commitment to establish the insurance coverage instrument for the supplies of goods and services. Such instrument being another message of support provided to Ukraine by Poland, aims to help Ukraine in the supplies of key commodities;
  • continuing cooperation in the spirit of open trade and avoiding the introduction of unreasonable protective measures against the producers of the other party.

Since the onset of the Russian aggression, Poland has been calling for acute and most restrictive sanctions against Russia. We managed to reach a consensus and the European Council agreed to include crude oil and oil derivatives supplied from Russia to the Member State into the sixth sanctions package, which has been the postulate of Poland from the very beginning.

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