The US and Ukraine to prepare the full-scale modernization

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The US and Ukraine to prepare the full-scale modernization

The U.S. Chamber of Commerce hosted the second U.S.-Ukraine Partnership Forum. The Forum brought together top business executives, government officials, and thought leaders to discuss ways to help Ukraine recover and rebuild as the country stabilizes its economy and lays the groundwork for revitalization and modernization.

The conference was held in partnership with the U.S. Department of State, the U.S. Department of Commerce, and the U.S. Agency for International Development (USAID). HiTech Expert followed the event.

The Forum was attended by Prime Minister of Ukraine Denys Shmyhal, Vice Prime Minister and Minister of Recovery of Ukraine Oleksandr Kubrakov, U.S. Secretary of Commerce Gina Raimondo, U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker, President and CEO of the American Chamber of Commerce in Ukraine Suzanne Clark, and other government and business leaders.

Прем'єр-міністр України Денис Шмигаль
Prime Minister of Ukraine Denys Shmyhal

Reconstruction with modernization

“We have lost a lot, but we can also gain a lot if our reconstruction is accompanied by modernization and renewal,” says Ukrainian Prime Minister Shmyhal.

According to him, rebuilding Ukraine will be the largest international project since the Second World War. And for this, the Government is creating all the necessary conditions: implementing reforms that create a favorable investment climate. The Prime Minister notes:

“This includes regulation, digitalization, de-bureaucratization, and public-private partnerships.”

Міністр торгівлі США Джина Раймондо
U.S. Secretary of Commerce Gina Raimondo

The importance of help

“Ukraine’s freedom is not just important to them. It’s not just because they deserve it as a sovereign nation, but because their freedom is critical to global security and prosperity,” says U.S. Secretary of Commerce Raimondo.

According to the Minister, this is important for the United States and the entire business community:

“That is why it is high time for Congress to act and ensure that Ukraine receives much-needed assistance.”

Спеціальний представник США з питань економічного відновлення України Пенні Прітцкер
U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker

Special Representative for Foreign Policy at the U.S. Department of State, Ms. Pritzker said: “The U.S.-Ukraine Partnership Forum is a chance to reaffirm Ukraine’s genuine right to win the war against Russia and take its place as a prosperous, independent, open country integrated into Euro-Atlantic institutions and global markets.”

Key reforms

American Chamber of Commerce President and CEO Suzanne Clark said: “Since the launch of the Ukraine Business Initiative at the inaugural U.S.-Ukraine Partnership Forum last year, the Chamber has been advocating for reforms that are key to creating a better business environment in Ukraine and remains committed to providing our members with opportunities to offer their expertise as Ukraine lays the foundation for a peaceful, prosperous future.”

The Chamber also called on Congress to pass an aid package that will allow Ukraine to defend itself against Russian aggression and stabilize its economy. Clark adds:

“Every day is crucial, because Ukraine’s victory is a victory for democracy and democratic values, as well as in the interests of our national and economic security.”

Президент і виконавчий директор Американської торгової палати Сюзанн Кларк
President and CEO of the American Chamber of Commerce Suzanne Clark

About the Partnership Forum

The Ukraine 2024 Partnership Forum builds on the Chamber’s work to support private sector engagement in Ukraine, including the launch of the Ukraine Business Initiative, a platform for companies to engage with U.S., Ukrainian, and European policymakers to help Ukraine recover.

The Chamber of Commerce team also met with Ukrainian officials in Kyiv last December, participated in the Ukraine Recovery Conference in London last year, and will attend the Recovery Conference in Berlin this year.

Through this advocacy and engagement, the American Chamber of Commerce remains steadfast in ensuring continued U.S. support for Ukraine’s recovery and ensuring that U.S. policymakers understand the opportunities and challenges for the private sector, as well as the importance of close partnership in achieving common goals and winning the war.

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