Economy Ministry begins developing Ukraine's industrial strategy through 2030, plans to present it in three months
The Ministry of Economy and Environment has begun developing Ukraine's industrial strategy through 2030 and plans to present a draft for discussion with the professional community over the course of three months, Deputy Minister Vitaliy Kindrativ said.
The Ministry of Economy and Environment in Ukraine has commenced work on an industrial strategy to 2030, with plans to present a draft for professional discussion within the next three months, according to Deputy Minister Vitaliy Kindrativ. The development process involves collaboration with the Federation of Employers of Ukraine (FEU), the Institute of Economic Modeling, industry associations, and experts.
Kindrativ stressed the dual priority of bolstering domestic manufacturing and facilitating its entry into foreign markets during the 12th Kyiv International Economic Forum (KIEF) in Kyiv. The strategy will concentrate on sectors with high added value and potential for international markets, including mechanical engineering, manufacturing, and agricultural processing.
Once finalized, the strategy will undergo scrutiny by relevant business associations before government approval. Kindrativ believes that clearly defining priority sectors and government support programs will be instrumental in drawing foreign investment and capital into Ukraine. Ruslan Illichov, CEO of the Federation of Ukrainian Industries (FUI), echoed Kindrativ's sentiments, emphasizing that the document must be grounded in the real needs of Ukrainian businesses.
Illichov stressed the need to identify and scale up industries with a competitive edge, enhance localization in significant government and infrastructure projects, and coordinate an industrial policy aligned with European partners to integrate Ukraine into EU markets.
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