EU plans to increase trade with Ukraine

Open source

The EU plans to increase trade with a number of countries, including Ukraine. This was announced by the speaker of the European Commission Daniel Farry, Interfax-Ukraine reports.

“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,” he said.

According to Farry, it is planned to modernize preferences for the import of goods into the EU under a number of trade agreements, the total amount of which in 2019 reached EUR 677 billion.

“Rules of origin of goods make these agreements more flexible and more profitable for the business,” he explained.

Revisions applies to Iceland, Liechtenstein, Norway, Switzerland, Faroe Islands, Turkey, Egypt, Israel, Jordan, Lebanon, Palestine, Georgia, Moldova, Ukraine, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Serbia and Kosovo.

Read also: Ukraine increases import of agricultural products by 12%.

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