The FINANCIAL — Three American think-tank institutions initiated a dialogue on governance issues in Ukraine entitled “Ukraine’s Future:
Challenges and Impact of Governance in Ukraine,” inviting international experts to discuss how governance impacts the Ukrainian economy and Ukraine's international relations, particularly with European Union and the United States of America. The event was organized by the Peterson Institute for International Economics, the Center on the United States and Europe at the Brookings Institution, and the Atlantic Council on July 7th in Washington DC, USA.
The Peterson Institute for International Economics experts believe that the state of governance in Ukraine today is the subject of widespread debate. “Ukrainian and international observers have cited corruption, flaws in the October 2010 local elections, inappropriate actions by the Security Service of Ukraine, and prosecution of opposition political figures as evidence of democratic backsliding under Ukrainian President Viktor Yanukovych,” – says the institution’s web-site.
Being one of the key representatives of the international business community in Ukraine Mr. Jorge Zukoski, the President of the American Chamber of Commerce in Ukraine, was invited to speak at the panel devoted to the discussion of the Ukrainian Administration’s impact on the economy and foreign policy.
"Our business community sees Ukraine as an incredible land of opportunities, where it has great comparative and competitive advantages on the border of the new, larger Europe. The way that we look at Ukraine is that it's a success story that's waiting to happen. I think the key message for today is to revolve around moving the reform agenda forward, and taking the decisions that are going to be necessary to address some of the systemic and endemic issues, such as the corruption problem," – highlighted Mr. Zukoski in his remarks.
The American Chamber of Commerce’s President believes that at the end of the day business needs predictability and stability therefore governance and public policy are key to improving an investment environment that makes sense for investors and will attract and retain major foreign and domestic investments into the country.
“With the new Administration we’re starting to see something a little bit different – improvements for the business community such as a dialogue and the engagement of senior policy makers. Ukrainian officials are ready to communicate and it is the best level of dialogue that I’ve seen since I came to independent Ukraine,” – said Mr. Zukoski citing the Domestic and Foreign Investment Advisory Council under the President of Ukraine as an example.
“My key message is that the business agenda is moving forward. We’d like it, of course, to move faster, but at the same time remain cautiously optimistic about what the future holds. It’s all about structured engagement and a willingness to make the country a better place,” – summarized Mr. Zukoski.
The American Chamber of Commerce is among the most active and effective non-government, non-profit business organizations operating in Ukraine. One of the principal activities of the Chamber is to represent the foreign investment community as well as to facilitate the entrance of potential new investors into this market.