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Ukraine, UK sign preferential trade deal; abolish import duty, tariff quota

"Ukraine and the UK have legally enshrined the abolition of import duties and tariff quotas in bilateral trade by signing an agreement," the ministry was quoted as saying by Xinhua news agency

Topics
Ukraine | Britain | Import duty

IANS  |  Kiev 

Photo: Bloomberg
Photo: Bloomberg

and the UK have signed an agreement on the abolition of import duties and tariff quotas, the Ukrinform news agency said, citing the Ukrainian Ministry.

" and the UK have legally enshrined the abolition of import duties and tariff quotas in bilateral trade by signing an agreement," the ministry was quoted as saying by Xinhua news agency.

The preferential trade agreement, which will be in place for 12 months, is set to boost the exports of high value-added goods from Ukraine, including flour, grain, dairy products, poultry, tomato paste, honey, corn, wheat, juices, mushrooms and sugar.

Last month, the decided to abolish tariffs and quotas on Ukrainian industrial goods and foods.

--IANS

int/shs

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, May 05 2022. 09:25 IST
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