Why Ukraine?

The United States has considered Ukraine a key strategic interest since Ukraine gained independence in 1991. In addition to representing a market of 46 million people, Ukraine possesses an extraordinarily well-educated work force with some of the top scientific and engineering talent in the world. The governments of Ukraine and the United States currently enjoy a friendly relationship.  As the Ukrainian economy develops, demand for imports will increase.

Consider the following facts about Ukraine

Population:……………………………………..46 million

Literacy Rate:…………………………………..99%

2010 Real GDP growth:……………………..4.9%

2010 U.S. imports from Ukraine: $1.1 billion, with chemicals and fertilizers being the largest portion.

2010 U.S. exports to Ukraine: $1.3 billion, with heavy emphasis on agricultural products, agricultural machinery and aerospace components.

Ukraine’s world class industries include computer programming, engineering, agriculture, industrial machinery, chemicals, aerospace, metallurgy (especially steel), agricultural machinery, metal ores.

Ukraine joined the World Trade Organization in 2008.