The UK and Ukraine put pen to paper today and signed an agreement to strengthen political and trade ties between the two countries. This deal between Prime Minister Boris Johnson and President Volodymyr Zelenskyy is the first comprehensive strategic and trade agreement signed by the UK since the creation of the Foreign, Commonwealth and Development Office (FCDO).
This deal allows the two sides to strengthen UK cooperation in political, security and foreign matters with Ukraine, while also securing continued preferential trade for businesses and consumers.
International Trade Secretary, Liz Truss, said:
“Free trade is an incredibly powerful agent of economic growth, opportunity and human progress. This agreement enables our two countries to continue working closely together, both on a political level and in the field of commerce. Thanks to this deal, the aircraft, automotive and pharmaceutical industries can continue to thrive and support jobs in Ukraine and across the UK.”
Tom Sallis, Director of Global Partnerships at the Scotch Whisky Association, said: “We welcome the conclusion of the trade agreement between the UK and Ukraine. Ukraine is a growing market for Scotch Whisky, with over 1 million bottles exported there in 2019. This agreement will ensure that Scotch Whisky can continue to access the Ukrainian market tariff-free and will continue to see Scotch Whisky recognised as a Geographical Indication (GI) in Ukraine.”
RT @BorisJohnson: The UK is Ukraine’s most fervent supporter.— Dover and Deal Conservatives (@DoverDealTories) October 8, 2020
Whether it’s our defence support, stabilisation efforts, humanitarian assistance or close cooperation on political issues, our message is clear – we are utterly committed to upholding Ukrain… https://t.co/LCuJ9fK1zQ
“The Minister for International Trade, Ranil Jayawardena, will today also sign an MOU with the Ukrainian government that will identify sectors that could benefit from UK Export Finance support and help increase trade between the two countries. The priority sectors highlighted are defence; agriculture; infrastructure; energy; and healthcare.”
The UK has been extremely busy over the last few months with 50 countries signed or agreeing in principle to trade agreements. Once we leave the grasps of the EU, these deals in waiting will commence being completed.