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US Ambassador: Ukrainian Government has demonstrated real progress to make it possible for American agricultural companies to come to Ukraine

25.02.2016 09:17 "Agro Perspectiva" (Kyiv) As of yesterday, while speaking at the ceremony of signing an agreement on the planned US$100million of investment by Cargill into the Yuzhniy Port modernization, the Ambassador Extraordinary and Plenipotentiary of the United States to Ukraine Geoffrey Pyatt said this Ukrainian Government had demonstrated real progress to make it possible for American agricultural companies to come to Ukraine, Government Portal reports. As to Pyatt, this progress includes clear and transparent regulatory systems, and a transparent, fair and equally applied system of VAT refunds. The US Ambassador stressed that «todays agreement is a vote of confidence in the Ukrainian Government». «This Yuzhniy project is exactly the kind of headline investment that we were talking about when the Ukrainian Prime Minister was with the Vice President Biden and Secretary of Commerce Pritzker in Washington, DC in Jul», the Ambassador said. «This investment of up to $100million by Cargill will boost Ukraines grain handling capacity, will boost the ability of Cargill to facilitate Ukraines exports toward markets, and will create hundreds of new jobs,» he emphasized. However, at the same time, Pyatt noted that this should only be the start: «Ukraine is already one of the worlds great agricultural producers, but it should be an agricultural superpower. It has more than a quarter of the worlds black soil. And Ukraines agricultural exports, which last year exceeded US$14.5milliard, already accounted for 40% of your export revenue. But those numbers can easily be doubled.» «I am confident that continued reform and the demonstrated commitment of people like the ministers who are here today will ensure that todays success story is repeated, and that this goal of developing Ukraine as an agricultural superpower is more within reach today than it ever has been before,» the US Ambassador highlighted.

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