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UT uncovers the challenges and opportunities for US-Ukrainian bilateral trade with a special guest

The US-Ukraine Business Council has been promoting commercial bridges across the Atlantic for some two decades. The non-for-profit organization aims to strengthen bilateral ties through arranging regular meetings with government and business leaders, supporting public advocacy efforts and helping enterprises overcome the barriers of day-to-day business. Ukraine Today welcomed the council's president Morgan Williams to discuss the successes, challenges and opportunities which lie ahead for international trade between both countries.

Watch also UT's Viewpoint with Denis Chernikov, the Head of the Parliamentary Expert Group on European Integration: "Ukraine must have something to offer, we can't always ask for support"

Main challenges of doing business in Ukraine

"I think the main challenge here is because [Ukraine's] macroeconomic stability is much better. [Now] they would like to see a dramatic drop in corruption, much more modern western legal system, where you don't pay off the judges and a lot less bureaucracy. It's still very difficult to do business here but nobody really wants to leave."

Watch also UT's Viewpoint with Kostyantyn Likarchuk, former Deputy Chairman of the State Fiscal Service: "Only political will is needed to tackle corruption"

Most attractive business markets

"I think for the next year, the biggest area American companies are interested in are in terminal facilities down on the Black Sea. Most all of our big grain companies; they would like to have new facilities, remodeled facilities, expanded facilities. So most of all our big grain companies and food processors are now looking at that area."

Watch UT's Viewpoint with Andy Hunder, President of the American Chamber of Commerce: "Corruption is the cancer eating away at Ukraine's economy"

US opinion of Ukraine's reforms broad program

"They're still very optimistic because they feel very strongly that this is the best government Ukraine has ever had. You have a lot of again, very well educated, western-orientated, internationally-orientated people here that want to move Ukraine towards Europe and the whole atmosphere is different."

Effect of US presidential elections on Ukraine support

"We talk a lot to our political experts and they think that with the strong support Ukraine has on Capitol Hill with the Senate and the House of Representatives, that no question who is the next president is, democrat or republican, there will be a much stronger support for Ukraine, for Europe and a much more aggressive confrontation with the expansion that Russia seems to be involved in."