UK signs digital trade deal with Ukraine

UK signs digital trade deal with Ukraine

The British government's website says that the deal provides Ukraine with access to financial services by facilitating cross-border data flows. Ukrainian businesses will be able to trade more efficiently and cheaply with the UK through electronic transactions, e-signatures, and electronic contracts.

Business and Trade Secretary Kemi Badenoch said the agreement paves the way for a new era of modern trade between the UK and Ukraine.

"We are also extending tariff trade on imports from Ukraine to early 2024, providing much-needed support to Ukrainian businesses. These initiatives will help protect jobs, livelihoods, and families now and in Ukraine's post-war future," she said.

The department also organised The Road to Ukraine Recovery Conference, aimed at mobilising UK businesses to participate in future projects to rebuild Ukraine.

"This event and our mobilisation of UK industry is a key stepping stone on our route to the Ukraine Recovery Conference that will be hosted in London in June," the ministry added.