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Ukraine excited over special trade extension with EU

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European Union
European Union

Ukrainian Prime Minister Denys Shmyhal on Monday 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, Shmyhal 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 last year.

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