Ukraine praises extension of preferential trade with EU

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Anjali Sharma

GG News Bureau
WASHINGTON DC, 15th May.
Ukrainian Prime Minister Denys Shmyhal on Tuesday has welcomed the extension of the preferential trade with the European Union for a year which was due to expire on June 5.

Shmyhal wrote on Telegram that the suspension of import duties and quotas on Ukrainian exports to the EU will provide important support for Ukrainian producers, exports, and the economy.

Ukraine continues its integration into the EU at an accelerated pace, he said as quoted by media report.

The Council of the EU approved the suspension of the import duties on Ukrainian exports for another year.

Ukraine-EU preferential trade measures, abolished tariffs and quotas on Ukrainian industrial goods and foods, came into effect in June 2022.

According to European statistics, EU imports from Ukraine amounted to 22.8 billion euros last year.

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