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Export strategy for the mechanical engineering sector

31 May 2019

On May 29, 2019, representatives of the Ukrainian Investment and Trade FacilitationCenter (ITFC) Olena Kudliak and Iryna Tytarchuk participated in the V Sessionof the Working Group on Development of International Trade Development Strategies and analysis of their implementation by the International Trade Council.

The general trend in world machine-building is the expansion of global value added chains, thatcreates opportunities for integration into Ukrainian engineering companies. However, Ukrainian engineering far behind the developed countries and neighbors in the implementation of such technologies, and is only in the initial phase.

During the Session, Valeriy Kokot, National Coordinator of Export Strategy for the Machine-Building Sector, presented an Interim Draft Export Strategy for the Mechanical Engineering Sector for 2019-2023, and the Director of the State Enterprise "Ukrindustryexpertise" Volodymyr Vlasiuk - analytical report "The machine-building industry in Ukraine: the potential and opportunities for expanding exports for the period up to 2021 ".

The strategy of stimulating the export of machine-building products requires overcoming of existing asymmetries in access to tools of support of domestic and foreign exporters. Considering the potential of the machine-building industry, experts identified the priority measures to stimulate the export of the Ukrainian engineering sector. The introduction of which will allow companies to increase exports by an average of 50% from current volumes.

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