Ukrainian Prime Minister, Denys Shmyhal, has welcomed the extension of the preferential trade with the European Union (EU), which was due to expire on June 5, for another year.
The suspension of import duties and quotas on Ukrainian exports to the EU will provide important support for Ukrainian producers, exports and the economy, Shmyhal wrote on Telegram.
Ukraine continues its integration into the EU at an accelerated pace, he said.
Earlier in the day, the Council of the EU approved the suspension of the import duties on Ukrainian exports for another year.
The Ukraine-EU preferential trade measures, abolishing tariffs and quotas on Ukrainian industrial goods and foods, took effect in June 2022.
According to European statistics, EU imports from Ukraine amounted to 22.8 billion euros in 2023. (Xinhua/NAN)
Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
, which was due to expire on June 5, for another year.){kind=link}