# U.S., Ukraine agree to launch talks to upgrade 2008 trade accord
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-11-10
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: US and Ukraine to upgrade trade accord for business growth
Meta Description: U.S. and Ukraine announced negotiations to enhance a 2008 trade deal, aiming to create transparent and predictable conditions for companies to invest in
URL: https://financedigest.com/u-s-ukraine-agree-to-launch-talks-to-upgrade-2008-trade-accordhtml

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WASHINGTON (Reuters) – The United States and Ukraine announced on Wednesday that they will launch negotiations to upgrade a bilateral 2008 trade and investment accord to support Ukraine’s efforts to establish a more transparent and predictable business environment.

In a joint statement issued after the 11th meeting of the U.S.-Ukraine Trade and Investment Council, the two countries said they would work to improve the underlying 2008 Trade and Investment Cooperation Agreement.

In opening remarks, U.S. [Trade Representative Katherine Tai urged the delegations “to work together to create an environment that encourages companies and individuals](https://www.financedigest.com/how-to-trade-forex-and-succeed-as-an-individual.html "How to Trade Forex and Succeed as an Individual") to live, work, and invest in Ukraine,” the statement said, underscoring the importance of predictability, transparency and the rule of law.

U.S.-Ukraine bilateral trade in 2021 [totaled about $4.4 billion](https://www.financedigest.com/simalliance-members-report-shipments-of-4-9-billion-sims-in-2017-while-estimated-total-available-sim-market-in-2017-increases-2-75-to-5-6-billion-units.html "SIMalliance Members Report Shipments of 4.9 Billion SIMs in 2017, while Estimated Total Available SIM Market in 2017 Increases 2.75% to 5.6 Billion Units   ").

(Reporting by Andrea Shalal; Editing by Leslie Adler)


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