UKRAINE

Singapore Business Review - - FIRST -

Dmytro Senik had to move to the Lion City af­ter he was ap­pointed by Ukrainian pres­i­dent Petro Poroshenko to be the Ukrainian am­bas­sador to Sin­ga­pore. Senik pre­vi­ously served as di­rec­tor gen­eral and chief of staff to the For­eign Min­is­ter. Prior to that, he served as po­lit­i­cal of­fi­cer and con­gres­sional li­ai­son at the Em­bassy of Ukraine in Wash­ing­ton D.C. He also ad­vised the For­eign Min­is­ter and Deputy Prime Min­is­ter on for­eign pol­icy, de­vel­op­ment of IT, and ed­u­ca­tion re­form. Since as­sum­ing his du­ties in Sin­ga­pore in Jan­uary 2016, Senik saw a sig­nif­i­cant im­prove­ment in the re­la­tion­ship be­tween the city state and Ukraine.

What is the cur­rent state of busi­ness re­la­tions be­tween Sin­ga­pore and Ukraine?

I would call it very promis­ing and op­ti­mistic. Ac­cord­ing to our sta­tis­tics, the bi­lat­eral turnover has in­creased from around US$51.5M in 2015 to US$83.4M in 2016. Trade has been ris­ing steadily, though vol­umes are still far from cor­re­spond­ing to the un­tapped po­ten­tial of our coun­tries.

Where are the op­por­tu­ni­ties for Sin­ga­porean busi­nesses?

Ship­yards and sea ports man­age­ment, agri­cul­ture, man­u­fac­tur­ing, and R&D are some fields where po­ten­tial is im­mense. Gi­ants such as Kep­pel, Sur­bana Jurong, and oth­ers have enor­mous op­por­tu­ni­ties in Ukraine, as the Ukrainian Gov­ern­ment works on pro­mot­ing in­dus­trial parks and in­fra­struc­ture projects to make the coun­try a lo­gis­ti­cal hub and a con­ve­nient sea gate on the Black Sea.

Any busi­ness events that Sin­ga­pore com­pa­nies can get in­volved in?

We are cur­rently or­gan­is­ing a busi­ness fo­rum in Sin­ga­pore in Novem­ber, where com­pa­nies can have a bet­ter un­der­stand­ing of the trade and in­vest­ment op­por­tu­ni­ties in Ukraine. We are happy to pro­vide more de­tails on the event to in­ter­ested com­pa­nies.

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