Posted: 09.02.2024 15:06:00

UK extended tariff-free trade with Ukraine until 2029

The British authorities have extended the duty-free trade regime with Ukraine for another five years, aiming to help Ukrainian business, TASS reports

photo: www.reuters.com

The UK government said in a statement that trade between the UK and Ukraine will remain tariff-free on most goods, with the exception of eggs and poultry, until at least 2029. This extension was agreed ‘to support Ukraine’s long-term economic recovery’. The step aims to help Ukrainian businesses and represents ‘the most generous tariff relief offered to any country’.

UK Minister of State for Trade Policy Greg Hands formally signed the agreement to extend the liberalisation measures with Ukraine’s First Deputy Prime Minister Yuliia Svyrydenko in a virtual ceremony.

In May 2022, the UK removed all levies under a bilateral free trade agreement, after which the regime was extended until March 2024.