The agreement will be valid for 12 months, but may be extended for a new term by agreement between the parties.
The opening of new markets will not only contribute to the development of Ukrainian production but will also increase the inflow of foreign currency, which in turn will strengthen the economy of Ukraine, becoming an important factor in its recovery.
Thanks to the abolition of import duties and tariff quotas, we will be able to increase the export of goods with high added value. I am talking about flour, dairy products, poultry and processed meat, tomato paste, juices, sugar, etc. It is these goods that Ukraine traditionally exports to Great Britain.
In 2021, trade turnover between our countries increased by almost 57% and amounted to $ 2.2 billion. In turn, exports have shown significant dynamics, adding +62% and exceeding $ 1 billion.
Today's decision will be a historic one for both countries, becoming the basis for the strengthening of cooperation.
PigUA.info according to facebook.com