Ukraine, UK elaborating free trade agreement

Ukraine, UK elaborating free trade agreement

The United Kingdom intends to deepen economic cooperation with Ukraine after withdrawal from the EU.

 “We have designated Ukraine as one of the UK’s post-Brexit priority markets, and our ambition is to further improve and liberalise the trading relationship between us,” UK Secretary of State for International Trade Liam Fox said at the Ukraine Week 2018, celebrated by the British-Ukrainian Chamber of Commerce, an Ukrinform correspondent reports.

The first step must be to provide certainty and continuity for those firms currently operating between the UK and Ukraine, he noted.

 “Officials in the UK and Ukraine are working together to design a bilateral agreement that will replicate the effects of the DCFTA, to come into effect at the end of our transition period,” Fox said.

According to him, the highest priority for the UK is “minimising the disruption to our existing trading relationship.” “Let me reiterate that our exit from the EU does not change the UK’s commitment to Ukraine’s development, growth and prosperity. Nor does it alter our commitment to sanctions against Russia,” the UK Secretary of State for International Trade underscored.

As noted, last year the total trade between Ukraine and the UK topped £1 billion, following two years of strong growth across the board, in goods and services, imports and exports.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: