Ukraine Welcomes Extension Of Preferential Trade With EU

(MENAFN- IANS) Kiev, May 14 (IANS) 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 import
ant support for Ukrainian producers, exports, and the economy, Shmyhal wrote on Monday on Telegram.

Ukraine continues its integration into the EU at an accelerated pace, the Prime Minister
said as quoted by Xinhua news agency report.

Earlier on Monday, 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, came into effect in June 2022.

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



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