Eggs, poultry prolonged for simply two years
9 February 2024
1 minute learn
Britain on Thursday mentioned it might lengthen tariff-free commerce with Ukraine on virtually all items till 2029, giving continued beneficial buying and selling phrases to Kyiv within the wake of Russia’s invasion, reported Reuters.
Britain eliminated tariffs on all its commerce with Ukraine after the battle with Russia began two years in the past, and beforehand that they had agreed the association would final till March 2024.
Britain’s enterprise and commerce ministry mentioned tariff-free commerce can be prolonged on all items for 5 years, besides eggs and poultry which can be prolonged for 2 years, and that British companies would additionally profit from the elimination of tariffs for exports to Ukraine too.
“This settlement supplies a lot wanted long-term financial assist to Ukraine, its companies and other people – crucial to its restoration,” junior commerce minister Greg Palms mentioned, including Britain’s assist would proceed “for so long as is required.”
Britain has backed Ukraine’s battle effort by offering weapons and support, in addition to beneficial commerce phrases together with a brand new digital commerce deal.
