About past, present and future of Ukraine

Search mobile

Main War Great Britain announces the abolition of all quotas for Ukrainian goods

War

Great Britain announces the abolition of all quotas for Ukrainian goods

669
Great Britain announces the abolition of all quotas for Ukrainian goods

Share this article


At the request of the Ministry of Economy of Ukraine, the United Kingdom announced the liberalization of trade and the abolition of all duties and quotas on exports of goods from Ukraine.


Thanks to this decision, Ukraine will be able to increase exports of goods that have traditionally been imported into the British market. These include flour, grain, dairy products, poultry and semi-finished products, tomato paste, honey, corn, wheat, juices, mushrooms, sugar and more.

Industrial goods already enjoy duty-free trade. Ukraine will also be able to plan export logistics more flexibly and increase exports of high value-added goods in the future.

"Trade liberalization is a joint contribution of Ukraine and Britain in the fight against the impending global food crisis. We will be able to guarantee food security where it is under threat today due to Russian aggression," said First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyridenko.

She noted that for Ukraine, access to foreign markets is one of the foundations of economic recovery.

"Exports will stimulate industrial development, increase production, and integrate into world trade chains. We are currently negotiating with all partners on trade liberalization. Therefore, we are waiting for news from other partners in the coming days and weeks," added the Minister of Economics of Ukraine.

It will take a few more days to formalize the decision, after which Ukrainian exporters will be able to take advantage of the new terms of trade.


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...