The 56 Cooperation Documents Unveiled in Tokyo, and What Followed
At the Japan–Ukraine Conference for Promotion of Economic Recovery and Reconstruction, held on February 19, 2024 at the Keidanren Kaikan in Tokyo, 56 cooperation documents were unveiled, ranging from intergovernmental treaties to memoranda between companies. The tax treaty took effect in August 2025, and JETRO's Kyiv office opened in October 2024. Negotiations to revise the investment agreement were still ongoing as of their 7th round in August 2026.
On the morning of February 19, 2024, the “Japan–Ukraine Conference for Promotion of Economic Recovery and Reconstruction” was held at the Keidanren Kaikan in Otemachi, Tokyo, at a point in time just short of two years since Russia’s full-scale invasion of Ukraine began. That day, 56 cooperation documents were exchanged between the two countries’ governments, public bodies, local governments, and companies, along with international organizations. This article lines up, as of September 2026, two and a half years later, what can be traced as “what followed” from official announcements.
What the Conference Promised
According to MOFA’s summary, the leaders’ session ran from 10:00 to 10:35 a.m., attended by Prime Minister Kishida Fumio and Ukrainian Prime Minister Denys Shmyhal. It was co-hosted by the Japanese government, Keidanren, the Japan External Trade Organization (JETRO), and the Ukrainian government, and Keidanren puts total attendance at about 350 people.
In his keynote speech, Prime Minister Kishida traced the conference’s origins to his visit to Kyiv in March 2023. Having heard from President Zelensky about Ukraine’s expectations for Japan’s experience, technology, and private investment, he explained, he had concluded that Japan could make “contributions distinctly its own” and decided to hold this conference. He then presented “3 principles,” “5 actions,” and “50 pledges.” The principles were “inclusiveness,” “partnership,” and “knowledge and technology.” The 5 actions were as follows.
| No. | Action | Content cited in the speech |
|---|---|---|
| 1 | Building legal infrastructure | Concluding a new tax treaty; starting negotiations to revise the investment agreement |
| 2 | Support through international financial institutions | Contributing to a capital increase at the European Bank for Reconstruction and Development (EBRD); a two-step loan from the Japan Bank for International Cooperation (JBIC) via the Black Sea Trade and Development Bank |
| 3 | Bilateral cooperation | Public–private ODA projects; overseas investment and loans from the Japan International Cooperation Agency (JICA) to Ukrainian venture capital |
| 4 | Business partnerships, and expanding investment and trade | Establishing JETRO’s Kyiv office; a new credit line from Nippon Export and Investment Insurance (NEXI) |
| 5 | Movement of people | Easing multiple-entry visa requirements for Ukrainians involved in recovery and reconstruction cooperation projects |
The speech states that the “50 pledges” correspond to “more than 50 cooperation documents” signed between Japanese companies, including startups, and the Ukrainian side. MOFA’s summary states that, together with the exchange of signed originals of the tax treaty and other items, a total of “56 signed cooperation documents” were unveiled in the presence of the two leaders.
Breaking Down the 56 Documents
MOFA has published a “list of signed cooperation documents.” Sorted by the Japanese-side signatory, it breaks down as follows.
| Category | Number | Main documents |
|---|---|---|
| Government of Japan | 3 | The tax treaty; the exchange of notes for the grant aid “Emergency Recovery Plan (Phase 3)”; a cooperation memorandum on the Joint Crediting Mechanism (JCM) |
| Ministries | 2 | A cooperation memorandum between the Ministry of Education, Culture, Sports, Science and Technology and Ukraine’s Ministry of Education and Science; one between the Ministry of Land, Infrastructure, Transport and Tourism and Ukraine’s Ministry for Communities, Territories and Infrastructure Development |
| Government-affiliated bodies | 14 | 3 by JICA, 5 by JETRO, 2 by JBIC, 2 by NEXI, 1 by the Urban Renaissance Agency, 1 by the Japan Water Agency |
| Economic organizations | 1 | A memorandum between the Japan Chamber of Commerce and Industry and the Ukrainian Chamber of Commerce and Industry |
| Local governments | 2 | Memoranda between Hyogo Prefecture and Mykolaiv Oblast, and between Hyogo Prefecture and Ivano-Frankivsk Oblast |
| Companies | 34 | Agricultural machinery, railway rolling stock, power generation and heat supply, telecommunications, prosthetic limbs, housing, and more |
The 34 company documents span a wide range of fields. Documents with Ukraine’s Ministry of Agrarian Policy and Food alone number six (Maekawa Manufacturing, Kubota, Yanmar Agribusiness, Mebiol, Kakuichi, and AC Biode). Others include the modernization of Kyiv Metro rolling stock by Senko Corporation, Mitsubishi Electric, and Fuji Electric together with Kriukiv Railway Car Building Works; a donation of musical instruments by Yamaha to the National Opera House in Odesa; and a document from IHI on “survey and portable-panel-bridge installation work for the improvement of Highway M15.”
Two points are worth keeping in mind when reading this list. One is the nature of the documents. Most of the document names on the list are “memorandum,” “letter of intent,” or “basic agreement”; only some are documents with clear amounts and obligations, such as treaties, exchanges of notes, grant contracts, or investment contracts. The outline of the joint communiqué likewise states that both sides welcomed the “letters of intent, cooperation memoranda, and contracts” announced at the conference. The other point is the status of the list itself. In a note, MOFA states that the list was compiled to the extent information could be gathered and “is not necessarily exhaustive,” and that, for documents other than those between government bodies, the government “does not guarantee or bear responsibility for the accuracy of their names or content.”
What Has Moved Since
Of the 5 actions, the table below shows what can be confirmed as “what followed” from official announcements.
| Item | At the conference | Since then |
|---|---|---|
| Tax treaty | Signed February 19, 2024 | Took effect August 1, 2025. Applies to withholding taxes and the like from January 1, 2026 onward (Ministry of Finance) |
| Investment agreement revision | Start of negotiations announced | 1st round held July 29–31, 2025. 7th round held August 5–6, 2026; both sides agreed to “continue consultations toward an early conclusion” (MOFA) |
| JBIC and the Black Sea Trade and Development Bank | Memorandum signed | On September 30, 2024, a credit line of up to $150 million was established. JBIC states “this loan is based on that memorandum” |
| JICA overseas investment and loans | Investment contract signed February 19, 2024 | Invested up to $20 million in a fund investing in ICT and tech companies in Ukraine and Moldova (JICA) |
| JETRO’s Kyiv office | Establishment announced | Opened October 10, 2024. A “Ukraine Business Desk” was set up at JETRO’s Tokyo headquarters |
| NEXI credit line | Establishment announced | An overseas investment insurance underwriting capacity of ¥150 billion (5 years, through 2029), and a short-term trade insurance underwriting capacity of ¥50 billion (2 years, through 2026) |
| Visa easing | Easing measures announced; start date “under consideration” | Began June 24, 2024 (Embassy of Japan in Ukraine) |
The visa easing consists of three parts: adding full-time staff of Ukrainian companies involved in recovery and reconstruction cooperation projects to those eligible for multiple-entry short-term business visas, and relaxing the travel-history requirement for them; adding relatives of Ukrainian evacuees in Japan to those eligible for multiple-entry visas for visiting friends and family; and newly issuing multiple-entry visas, valid for 5 years with a 90-day stay period, to individuals with substantially high income and their families.
Notes were exchanged on the day of the conference for the grant aid “Emergency Recovery Plan” introduced there; Phase 3 provided ¥15.8 billion, covering four areas: mine and unexploded-ordnance countermeasures, electricity and energy, transportation, and public–private partnerships. MOFA’s “Response to the Situation in Ukraine” page also lists the signing and exchange of letters for Phase 4 (February 28, 2025) and Phase 5 (February 27, 2026) since then.
What has followed for the company-to-company documents has not been announced collectively. One example that could be confirmed individually: item 35 on the list was a document between Instalimb, which manufactures prosthetic limbs using digital technology, and Ukraine’s BEZ OBMEZHEN, on demonstrating a mass-production system. JBIC announced on May 2, 2025 that it had concluded, on March 14, 2025, a loan agreement with Instalimb (up to ¥18 million from JBIC, with a total of ¥36 million in co-financing with a private financial institution) for a business manufacturing and selling 3D-printed prosthetic limbs and other products in Kyiv.
The August 2025 “Forum”
A year and a half after the conference, on August 4, 2025, the “Japan–Ukraine Economic Recovery and Reconstruction Promotion Forum” was held in Tokyo. According to an announcement from the Ministry of Economy, Trade and Industry (METI), it was hosted by METI, JETRO, and Ukraine’s Ministry of Economy, Environment and Agriculture, with Ukraine represented by Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka and Foreign Minister Andrii Sybiha, among others, and 29 new cooperation documents between companies and organizations from the two countries were unveiled. METI also referred here to support for a demonstration project worth about ¥26 billion through the United Nations Industrial Development Organization (UNIDO), among other things.
Keidanren’s newsletter carries a summary of an explanation given by MOFA and METI officials at a Keidanren committee meeting on September 3, 2025. According to this, METI has contributed ¥26 billion to support through UNIDO, and “has concluded contracts for 29 projects in fields such as medicine, agriculture, and mine clearance.” The same summary also states that Japan has sent five public–private business missions to Ukraine since 2023, that a first-ever visit to Lviv took place in July 2025, and that Lviv City Hall has set up a “Japan Desk” as a contact point for Japanese companies.
What Remains Unclear
As of September 2026, a considerable part of the institutional progress on the 5 actions presented at the conference can be traced through official announcements. The tax treaty has taken effect, JETRO’s office has opened, and visa easing has begun. Meanwhile, negotiations to revise the investment agreement have gone through 7 rounds with no announcement of a conclusion.
For the 34 company-to-company documents, no official material could be found showing, in one place, which have become active projects and which remain stalled as memoranda. How much of NEXI’s underwriting capacity or JBIC’s credit line has actually been used also cannot be read from published materials. The figure “56” is the number of documents unveiled on the day of the conference, not the number of projects that have actually been realized.
The conference’s date and the overall scale of Japan’s support are compiled in the article on the Japan–Ukraine relationship, and changes to the tax treaty’s rates are compiled in The Japan–Ukraine Timeline.
Sources and article record
Sources and references
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