Ukraine’s Ministry of Economy has confirmed that its trade with the UK will be almost completely liberalised over the next 5 years.
In a press release confirming a new trade agreement with the UK, the Ukrainian Ministry of Economy said the deal would provide Ukrainian manufacturers with more export opportunities.
Yulia Svyridenko, First Deputy Prime Minister-Minister of Ukraine, said that by 2029 the UK will remove all import duties and tariff quotas on Ukrainian products, with only eggs and poultry being exempt.
“This will open up a new sales market for Ukrainian manufacturers, strengthen Ukraine’s export potential, and contribute to the development of business and the national economy,” said Svyridenko.
According to Svyridenko, the deal puts Ukrainian exporters in a good position to sell food items in particular, including flour, grain, dairy products, meat, tomato paste, honey, corn, wheat, juices and sugar.
Moreover, Svyridenko stressed that the deal means Ukraine will be able to plan its export logistics more flexibly.