Espreso. Global

UK to extend tariff-free trade with Ukraine until 2029

8 February, 2024 Thursday
10:18

The UK says it will extend tariff-free trade with Ukraine on almost all goods until 2029, providing further favorable trade terms in the wake of Russia's invasion

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Reuters reports this.

The UK Department of Business and Trade has announced that duty-free trade will be extended for all goods for 5 years, with the exception of eggs and poultry, which will be extended for 2 years.

In addition, British firms will also benefit from the abolition of tariffs for exports to Ukraine.

"This agreement provides much needed long-term economic support to Ukraine, its businesses and people – critical to its recovery," junior trade minister Greg Hands said, adding Britain's support would continue "for as long as is needed.”

  • Polish Agriculture Minister Czesław Siekierski says he is "categorically against" expanding free trade with Ukraine.
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