UK extends tariff relief for Ukraine until early 2024

Britain said on Thursday it would extend temporary tariff liberalisation for Ukraine until early 2024, Reuters reports.

"The liberalisation of all tariffs for imports from Ukraine will continue to be applied to the whole of the United Kingdom and the Crown Dependencies," International Trade Minister Nigel Huddleston said in a statement to parliament.

At the end of April last year, Great Britain announced the abolition of all customs duties and quotas on all imports from Ukraine without exception. In May, Ukraine and the UK legally confirmed the cancellation of import duties and tariff quotas in bilateral trade by signing a corresponding agreement. It is valid for 12 months and can be extended by agreement between the parties for a new term.

In addition, on April 27, the European Commission proposed to suspend for one year import duties on all Ukrainian exports to the European Union.

IC UAC according to Reuters