Ukraine has ratified a free trade agreement with the United Arab Emirates

The agreement provides for the establishment of a free trade regime between Ukraine and the UAE by liberalizing access to the markets of goods and services for both countries. For Ukrainian goods, full liberalization of access to the UAE market has been ensured.The implementation of the agreement, which covers the entire product range of bilateral trade, will contribute to the growth of production and exports of Ukrainian products by reducing tariff barriers.

The government hopes for the support of deputies in the ratification of this bill, emphasized the First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Yulia Svyrydenko.The agreement is expected to contribute to the growth of exports of Ukrainian products in key sectors, in particular in metallurgy, the food industry (flour milling, oil production), as well as in metals and vegetable oil.The UAE has also lifted restrictions on the share of foreign capital for Ukraine, allowing companies to be registered with foreign capital of up to 70%, and in some sectors up to 100%, including commercial services, construction, education, healthcare, and accounting.

 

Source: https://agroreview.com/content/agropolitics/ukrayina-ratyfikuvala-ugodu-pro-vilnu/