This allows Ukraine to increase exports of goods traditionally 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.
Now, Ukrainian producers will be able to plan export logistics more flexibly and in the future increase exports of high value-added goods.
Trade liberalization is a joint contribution of Ukraine and Britain to the global food crisis. Ukraine will be able to guarantee food security where it is threatened today due to Russian aggression.
Ukraine is grateful to Britain for the friendly step in response to the request of the Ukrainian Government.
For Ukraine, access to foreign markets is one of the foundations of economic recovery. Exports will stimulate industrial development, increase production and its integration into world trade chains.
Ukrainian government is currently negotiating with all partners on trade liberalization. Therefore, in the coming days and weeks we are waiting for news from other partners.
It is important for Ukraine that Britain has set an example that full liberalization is possible.
It will take a few more days to formalize the decision, so Ukrainian exporters will soon be able to take advantage of the new terms of trade.