Petro Poroshenko: Leadership in the Global Economy Passes from “Oil and Gas Countries” to “Grain and Water Countries”

Petro Poroshenko: Leadership in the Global Economy Passes from “Oil and Gas Countries” to “Grain and Water Countries”
14 September 2012

Ukraine enjoys a unique opportunity to join the world economy’s leaders in the next 10 years. This opportunity is linked to the development of the Ukrainian agricultural sector, Petro Poroshenko, Minister of Economic Development and Trade of Ukraine, stated during the discussion on “The Future and the World Economy” at 9th Yalta Annual Meeting of YES.

“The world has been ruled by the countries possessing oil and gas, but in the next decade the leadership will pass to “grain and water countries”, that is to the countries possessing vast food resources and a well-developed agricultural sector. Ukraine is in a unique position here.”

However, everything depends on whether Ukraine will manage to take advantage of this situation, the Minister emphasized. “Much depends on how we’ll manage to raise investor confidence, how we’ll manage to improve labour performance.” The key objectives for Ukraine, the Minister believes, are to offer comfort for investors, to secure property rights, to combat corruption, and to adhere to the rule of law. “The main thing is that an investor entering Ukraine must feel safe and comfortable,” Petro Poroshenko pointed out.

The 9th Yalta Annual Meeting entitled “Ukraine and the World: Addressing Tomorrow’s Challenges Together” takes place in Yalta at the Livadia Palace, Ukraine, from 13-16 September 2012. More than 200 leaders from politics, business and society representing more than 20 countries will discuss major global challenges and their impact on Europe, Ukraine and the world.

The President of Ukraine Viktor Yanukovych and the Prime Minister of Turkey
Recep Tayyip Erdogan opened the plenary part of the 9th YES Annual Meeting on September 14. The two leaders discussed critical issues affecting the development of Ukraine and Turkey, as well as the future of a “Wider Europe” in the 21st century.
Aleksander Kwasniewski, President of Poland (1995-2005) and Chairman of the Board of YES, moderated the discourse.

The overarching topic of the 9th Yalta Annual Meeting will be the key transformations that are already shaping the future of the world. Forum sessions will focus on the future of the world economy, on a new world order and its security, and on possible models for the development of capitalism. Special attention will be paid to the role of innovation and leadership in transforming the economy and society. Other topics for discussion include the future of the European Union, energy issues and the internal and external challenges facing Ukraine.

This year’s Yalta Annual Meeting will welcome, among others, Robert Zoellick, Dominique Strauss-Kahn, Condoleezza Rice, Gordon Brown, Alexei Kudrin, Alec Ross, Eric Lander, Kairat Kelimbetov, Carl Bildt, Javier Solana.

At the plenary discussions of the 9th YES Annual Meeting, Ukraine will be represented by the Prime Minister Mykola Azarov; the First Vice Prime Minister of Ukraine Valeriy Khoroshkovsky; Deputy Prime Minister and Minister of Social Policy Serhiy Tihipko; Minister of Economic Development and Trade of Ukraine Petro Poroshenko; Minister of Energy of Ukraine Yuriy Boyko; Minister for Foreign Affairs of Ukraine Kostyantyn Gryshchenko; Secretary of the National Defence and Security Council of Ukraine Andriy Klyuev.

Chrystia Freeland, Global Editor-at-Large at Thomson Reuters will moderate discussions.

The 9th Yalta Annual Meeting is streamed live on in Ukrainian and on and in English.

The official Twitter of the 9th Yalta Annual Meeting: @yes_ukraine

Hash tag: #yalta2012

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John Tefft
John Tefft
Ambassador to Ukraine (2009-2013), 15th YES Annual Meeting, 2018
«Russia still has to become a modern nation. It still hasn’t made the fundamental decisions to determine whether it’s going to be a part of the international community or whether it’s going to try to be an imperial power and attack its neighbors, and take their land.»