Ukraine and the United Kingdom enter into the Digital Trade Agreement.
On 30 November 2022, this was agreed by First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko and UK’s Secretary of State for International Trade Kemi Badenoch during a bilateral meeting in London.
The Ministry of Economy of Ukraine explains why this is important and how this agreement will change the economy and the lives of ordinary Ukrainians.
What is this Agreement for?
The agreement on digital trade between Ukraine and the United Kingdom of Great Britain and Northern Ireland was developed with the aim of creating a legal framework for the development of digital trade between the two countries.
What does the Agreement provide?
The Agreement will cover modern spheres of economy and social life, which include the following changes:
Digital trading systems:
Free data exchange:
Consumer protection:
Open digital markets:
Financial services:
Technical cooperation:
What is expected?
The Government expects that the conclusion of the Agreement will have a positive effect on the national economy, namely it will: