EU issues call for proposals for EAST-INVEST project for Eastern Partnership countries

The European Commission has issued a call for proposals for new regional investment and trade facilitation project EAST-INVEST for Eastern Partnership countries, Interfax-Ukraine reported according to the press service of the Delegation of the European Union to Ukraine .   

EAST-INVEST with a budget of EUR 7 million is intended to contribute to the economic development of the Eastern Neighborhood region and to the improvement of its business environment by facilitating networks between EU and Eastern Neighborhood region public and private organizations.

The new trade facilitation project will aim to encourage new flows of foreign direct investments and to strengthen the investment promotion process between the EU and the Partner Countries, as well as between the Eastern Neighbors.

Also EAST-INVEST project foresees: strengthening a public-private dialog by integrating SMEs, business facilitators and selected public-sector SME facilitators into the networking mechanisms; facilitating exchange of best practices and interconnections between EU and Eastern Neighborhood companies in order to favor business co-operation agreements, mutual trade, transfer of technology, customs procedures, product standards, and investment; developing the capacity of Eastern Neighborhood SME support organizations.

The Eastern Partnership consists of the following countries: Azerbaijan, Armenia, Belarus, Georgia, Moldova, and Ukraine.