Uk Ukraine Trade Agreement Text
This is the first such agreement signed by the United Kingdom, which combines trade continuity with broader political commitments, including peaceful conflict resolution, security, climate change and human rights. Tariffs on bilateral merchandise trade between the United Kingdom and Ukraine will continue to apply, but some non-preferential rates may be lower due to changes to the tariff regime of the UK`s most favoured nation. The current quota for Ukrainian exports of tomato concentrates to the EU is 10,000 tonnes. This will remain intact, while the new British agreement will pave the way for an additional 2,000 tonnes of Ukrainian exports to Britain. There are also plans to extend the current UK quotas in the coming years, as Ukraine negotiates better terms with the EU. According to the UK press release, trade between the UK and Ukraine reached only $1.5 billion in 2019. The UK`s main merchandise exports to Ukraine were aircraft ($79 million), medicines and medicines ($61 million) and cars ($52 million). The agreement is important for the UK for the security of food supply: in 2019, $177 million was imported, or more than 14% of UK cereal imports (source: UN Comtrade). The other major import was iron and steel ($182 million). Overall, Ukraine is benefiting by increasing its access to EXPORT financing assistance and uk technical assistance, while increasing its export capacity to the EU and the UK market.
It is estimated that 98% of Ukrainian products will now be available on the UK market without tariff quotas. Article 148 of the EU-Ukraine Agreement refers to the requirement that Ukraine gradually adapt its national procurement legislation to the EU`s procurement acquis. This reconciliation should be done in accordance with the timetable and the steps set out in Annex XXI of the EU-Ukraine Chapter 8 agreement. The agreement between the United Kingdom and Ukraine removed the obligations to align with aspects of the acquis in EU public procurement, but commitments on reciprocal openness over time of the supply of access to the public procurement market have been abolished. The agreement between the United Kingdom and Ukraine provides for the gradual opening of the market on the dates indicated in Appendix XVI-A and not at the time when the reconciliation objectives are achieved (for example. B, the dates set in the agreement between the UK and Ukraine are the same as the reconciliation dates set out in the EU-Ukraine agreement). This approach preserves the benefits of the agreement for gradual market access. These changes could potentially reduce Ukraine`s incentives to meet the EU`s convergence targets, but they are not expected to have a significant impact on trade flows. The UK government said the new agreement “provides the same level of liberalization in trade, services and public procurement that businesses currently enjoy.” It also includes some additional commitments on defence and policy cooperation, which “underline the UK`s support for Ukraine`s sovereignty and territorial integrity.” Source: ONS (2019).
Trade in services in the United Kingdom: type of services by partner country, not seasonally adjusted (called 15 September 2020) 12) This section presents a background analysis by country of trade between the United Kingdom and Ukraine. Trade between the UK and Ukraine. The cross-border trade allows the UK to set up a UK system of trade preferences for developing countries. The necessary secondary laws are now well advanced and the regulations will be adopted by Parliament before the end of the transition period. The government intends to introduce a system of trade preferences that would maintain the preferential market access that we currently offer to some 70 developing countries under the Generalized Preferences System (GSP) d