UK and Ukraine sign trade deal to aid reconstruction efforts

A damaged school in Kharkiv, March 2022 (Kaabregel/Dreamstime)
The UK Department for Business and Trade has signed an agreement to improve the Ukraine’s access to support for reconstruction efforts once the present conflict is over.

The deal was announced at the Road to Ukraine Recovery Conference. The aim is to allow Ukrainian businesses to trade with the UK more efficiently and cheaply using electronic technology.

The UK has also extended its zero-tariff regime for Ukrainian exports to March 2024.

Kemi Badenoch, the UK’s business and trade secretary, said: “The historic digital trade deal signed today paves the way for a new era of modern trade between our two countries. These initiatives will help protect jobs, livelihoods and families now and in Ukraine’s post-war future.”

Yulia Svyrydenko, Ukraine’s first deputy prime minister, added: “This digital trade agreement illustrates that Ukrainian IT companies operating in Ukraine are in demand around the world despite all the challenges of war.”

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