Economy Ministry: 98% of Ukrainian goods to receive access to British market

Economy Ministry: 98% of Ukrainian goods to receive access to British market

09.10.2020 13:14

Due to the signed Agreement on Political Cooperation, Free Trade, and Strategic Partnership between Ukraine and the United Kingdom, about 98% of all Ukrainian goods will have free access to the market of this country.

The press service of the Ministry for Development of Economy, Trade and Agriculture of Ukraine wrote about this on its Facebook page.

The ministry noted that the Agreement will ensure further development of Ukraine’s relations with the United Kingdom after the end of the transition period provided for in the Agreement on the withdrawal of the UK from the EU. 

“The signing of this Agreement guarantees preferential access for Ukraine to the British market, which is an important component of the development of mutually beneficial relations between the countries. In particular, quotas for some goods will grow from 13% to 20%, which will stimulate Ukrainian exports. In addition, the conditions of access to the British and EU markets will be rapidly expanded, as its revision will take place as soon as in 2022,” Deputy Minister for Development Economy, Trade and Agriculture Taras Kachka said.

In particular, the Agreement provides for the level of liberalization of conditions of trade in goods and services between Ukraine and the United Kingdom at a level not lower than that envisaged in the Association Agreement between Ukraine and the European Union. From the entry into force of the Agreement on Political Cooperation, Free Trade, and Strategic Partnership between Ukraine and the United Kingdom, 98% of the product range will be fully liberalized, another 2% of goods will be liberalized for Ukraine from 2023. The number of tariff quotas for Ukraine is 36 + 4 additional. Zero tariff quotas are set by the British side in addition to those provided under the Association Agreement between Ukraine and the EU.

As reported by Ukrinform, Ukrainian President Volodymyr Zelensky and British Prime Minister Boris Johnson signed the Agreement on Political Cooperation, Free Trade, and Strategic Partnership in London on October 8.

(C)UKRINFORM 2020

9 comments

  • Great news all round!

    Liked by 3 people

    • I tried my best, but you are obviously a moron. Then so it be. GFY!

      Liked by 1 person

      • An intelligent and manly step, Mike. And, you spoke the truth; we all are here to support Ukraine. As for Bulgaria, the country does NOT recognize Crimea as Ruskie and supports Ukraine’s territorial integrity. Nuff said.

        Liked by 2 people

      • The feuding is entirely on your side. I was always extremely respectful to you, only to get hit by totally unjustified obnoxiousness. You did it once too many times and I have finally had enough of it. You insulted not just me, but the others too, in your last childish diatribe about Bulgaria.

        Liked by 1 person

        • I have no problem with it. I spent half a decade running UA sites for everybody, and until i came here i did never regret it. This is not my site here anyway, so since you successfully took over i will truly retreat forever. Be glad not to ever meet me in person. You are a joke, but not that i could laugh, except on the inside. I think this site here never needed me and never will need me. So i will not leave any damage behind. I will miss some nice people from here, but i’m sure they know where to find me. I have so much work to do that leaving is rather a relief to me, since on Twitter i only have to press a retweet button other than here. Also posting pictures is easier. That said, i wish everybody the best, except for you. You are no friend of Ukraine, you are a friend of yourself. So keep promoting yourself while pretending to care. I am out of here forever.

          Like

  • That’s very good news for Ukraine.
    Perhaps, Britain could take this opportunity to apply some pressure on the corrupt scoundrel Zelensky and his just as corrupt bosses.

    Liked by 4 people

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