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War in Ukraine: London and kyiv sign an agreement on digital trade


In addition to this “historic” agreement, the United Kingdom also announces the extension of the abolition of customs duties on all imports of Ukrainian products until March 2024.

The United Kingdom and Ukraine sign a digital trade agreement on Monday aimed at facilitating trade between the two countries, as part of British support for kyiv in the face of the Russian invasion.

In addition to this agreement unveiled at the end of last November, and whose signature is described as "historic" by the British Minister for International Trade Kemi Badenoch, the United Kingdom announces the extension of the abolition of customs duties on all imports of products Ukrainians until March 2024.

The agreement signed virtually on Monday by the British Minister and Ukrainian Minister of Economy Yulia Svyrydenko allows Ukraine

“guaranteed access to financial services crucial for reconstruction efforts”

thanks to the


of the flow of data , according to a statement from the UK Department of Commerce.

“Ukrainian companies will also be able to trade more efficiently and cheaper”

with the United Kingdom thanks to electronic transactions, signatures and contracts, continues the text.

“The historic agreement signed today paves the way for a new era of modern trade between our two countries

,” said British Minister Kemi Badenoch.

The text, as well as the extension of the exemption from customs duties, will contribute to "protecting jobs, resources and families now and in the post-war period for Ukraine".

The country

"believes that an open and free framework for the digital economy is the best investment for future-oriented development"

, argued the Ukrainian Minister of Economy, quoted in the government press release. British.

The latter underlines that the promises of support from the United Kingdom to Ukraine - military, humanitarian and economic - since the Russian invasion amount to four billion pounds sterling (4.5 billion euros).

London will also host an international conference on the reconstruction of Ukraine at the end of June.

Under the effect of the sanctions, imports of Russian goods into the UK have fallen by 99%, exports to Russia by 80%, according to the Ministry of Commerce.

Source: lefigaro

All business articles on 2023-03-20

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