Ukraine and Britain (UK) have signed a preferential trade agreement

Tags: International News

Ukraine and Britain (UK) have signed a preferential trade agreement for the abolition of import duties and tariff quotas.

• By signing this agreement Ukraine and the UK have legally abolished import duties and tariff quotas in bilateral trade.

• The Preferential Trade Agreement will be valid for 12 months.

• The agreement is set to promote exports of high value-added goods such as flour, cereals, dairy products, poultry, tomato paste, honey, corn, wheat, juice, mushrooms and sugar from Ukraine.

• Recently the European Union also decided to abolish tariffs and quotas on Ukrainian industrial goods and food items.

• About Ukraine- 

• Ukraine is a country located in Eastern Europe. It borders Russia in the east, Belarus, Poland, Slovakia in the north, Hungary in the west, Romania in the south and Moldova and the Black Sea in the south and the Black Sea and Azov Sea.

• Capital - Kyiv

• President- Volodymyr Zelensky

• Prime Minister- Volodymyr Groysman

• currency - hryvnia