Visa-free goods transit between the EU and Ukraine will be operational by year-end 2022

Ukraine's Finance Ministry shared the update.

Despite the war, the Finance Ministry continues to implement its customs reforms. On July 7, a decision was made to invite Ukraine to the Convention on Common Transit Procedures and to the Convention on Simplification of Formalities in Trade in Goods.

The decision was made on the basis of consideration of the conclusions of the final Evaluation Mission of the General Directorate for Taxation and the Customs Union of the European Commission.

"Customs visa-free is an opportunity to quickly move goods between the 36 countries of the European region," emphasized the Minister of Finance of Ukraine, Serhiy Marchenko. - At the same time, joining the Convention on the Common Transit Procedure and NCTS is an important step for Ukraine's future membership in the EU."

"Customs visa free" will allow Ukrainian businesses to enjoy the following advantages and simplifications:

• one transit declaration and one guarantee for the movement of goods between 36 countries (with EU countries and also with Great Britain, Turkey, Serbia, North Macedonia, Iceland, Norway, Liechtenstein, and Switzerland);

• authorized enterprises will be able to send and receive goods at their enterprise without going to customs terminals;

• Ukrainian financial guarantees will operate in 35 countries of the world.

It is expected that Ukraine will be able to use visa-free customs at the end of 2022. This should be preceded by the adoption by the Verkhovna Rada of Ukraine of draft law №7420 and draft laws on accession to the two conventions, and the implementation of all relevant international procedures.

Transit simplifications at the national level have been in effect in Ukraine since March 2021.