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Cooperation could be established with the Luxembourg Space Agency.
Ukrainian Prime Minister Denys Shmyhal says Ukraine is interested in further cooperation with Luxembourg in the field of innovative technologies, the development of such industries as IT, cybersecurity, digital development, renewables, and space exploration.
He announced this at the meeting with the Prime Minister of the Grand Duchy of Luxembourg Xavier Bettel on February 12.
"Luxembourg is one of the leaders in the development of IT technologies, and in this context, Ukraine seeks to establish bilateral cooperation in this area," Shmyhal said.
The prime minister also noted Ukraine's readiness to establish stable cooperation with the Luxembourg Space Agency.
"We are interested in bilateral cooperation in the field of space exploration and use of space resources, including within the framework of the Artemis international project, which our country joined in November last year," he said.
Shmyhal stressed that Luxembourg is one of Ukraine's promising trading partners and a reliable investor in the Ukrainian economy. The conclusion of an agreement on economic cooperation, he says, could be among the steps that will promote the development of the bilateral relations.
Background
On February 11, 2021, Ukraine and the European Union agreed on further practical steps to start a dialogue on updating the parameters of the Deep and Comprehensive Free Trade Area (DCFTA).
On the same date, Prime Minister Denys Shmyhal mentioned Ukraine's goal to integrate into the EU digital market, saying that mutual recognition of electronic trust services may take place in the coming years.
Ukrainian Deputy Prime Minister and Minister for Digital Transformation Mykhailo Fedorov earlier said Ukraine's integration into the EU Digital Single Market would increase the country's gross domestic product (GDP).
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According to a study by the Digital Transformation Ministry, the Ukrainian Center for European Policy, and the Center for International Trade Analysis at the Kyiv School of Economics (KSE), achieving a high level of digitalization and regulatory convergence with the EU may boost goods exports from Ukraine to the EU by 11.8%-17%, while exports of services by 7.6%-12.2%. At the same time, imports of goods from the EU may increase by 17.7%-27.7%, while those of services by 5.7%-9.1%.