Pavlo Sheremeta: Ukraine’s access to the EU market is the entry to Premier League


Kyiv, June 26, 2014 – «European market in its size can fully compensate Ukraine’s loss of Russian markets. EU market is 4-5 times bigger than the Russian one. First and foremost, Ukrainian business will obtain access to markets of 28 countries with higher quality and standards. After all, it is not only the market access, or the trade benefits, it is a part of our European integration strategy.  We must remember that not only Russian market is important, but markets of Turkey, North America, Latin America, Southeast Asia, South America are of significant value», – stated Pavlo Sheremeta, Minister of Economic Development and Trade of Ukraine at his media briefing in the Ukraine Crisis Media Center.

Pavlo Sheremeta emphasized that Ukrainian business will inevitably face challenges risks, but the chance must be taken. Unfamiliarity with European direction may become one of the stumbling blocks on the way of integration into European markets. «We understand eastern direction better than the western one. Everything here will depend on our desire to win. European market is more competitive in many ways. We must understand Europeans’ culture of consumption”, – noted the head of the Ministry of Economic Development.

Pavlo Sheremeta underlined once again that the role of the ministry is to open markets and business must seize an opportunity. According to the minister Sheremeta, Ukrainian producers have the advantages in agricultural sphere, foodstuff industry, chemical industry, power industry and IT-sector. «Educational sector, healthcare, engineering companies hold promise as well, they are to be developed», – the minister added.