This was aired by the Uklrainian President during a joint press conference with President Shimon Peres of Israel in Kiev. Viktor Yanukovych expressed his confidence that conclusion of this agreement will give impetus to economic cooperation between the two countries.

According to Viktor Yanukovych, one can note the increase in trade turnover between Ukraine and Israel, in particular, this year it increased by one third. The President of Ukraine stressed that the parties expect the agreement on visa-free regime to take effect at the beginning of the next year. Viktor Yanukovych and Shimon Peres have signed an intergovernment agreement on mutual promotion and protection of investment.