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.