EU plans to increase trade with Ukraine

Source : 112 Ukraine

European Union approved the decision, which consolidates the increase in trade with two dozen countries, including Ukraine
21:25, 24 August 2020

The Council of the European Union

The European Commission approved the decision, which consolidates the increase in trade between the European Union and the countries of the pan-European and Mediterranean region, including Ukraine. This was announced at a briefing in Brussels by the representative of the press secretary of the European Commission Daniel Farry, Interfax-Ukraine wrote.

"The European Commission has approved a number of proposals to increase trade between the EU and neighboring countries in the pan-European region in order to contribute to the economic recovery. Today's proposals are aimed at modernizing preferential trade agreements, which totaled 677 billion euros in 2019," he said.

These innovations will affect not only Ukraine. They will also affect the rules of origin in order to make these agreements more flexible and more profitable for the business.

Related: Lithuania accuses Belarus of violating airspace

"This applies to countries such as Iceland, Liechtenstein, Norway, Switzerland, Faroe Islands, Turkey, Egypt, Israel, Jordan, Lebanon, Palestine, Georgia, Republic of Moldova, Ukraine, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Serbia and Kosovo", the representative of the European Commission announced the list of states.

Earlier the Cabinet of Ministers made a decision to terminate the agreement between the governments of Ukraine and Russia on the mutual establishment of trade missions.

Related: Russia talks about possibility of 'Ukrainian scenario' in Belarus

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