Ukraine signed an agreement on digital trade with Britain

Author:
Sofiia Telishevska
Date:

Ukraine and Great Britain have signed an agreement on digital trade, which will improve the investment relations of the two countries. The British government also extended duty-free trade with Ukraine for a year.

This is stated on the website of the government of Great Britain.

The agreement provides for: non-application of customs duties (but freedom of taxation) in digital trade, maintenance of a general legal framework for electronic transactions, conclusion of contracts electronically, electronic identification, protection of personal information, etc.

Currently, more than two-thirds of British export services to Ukraine already arrive in digital form. In the future, a single window will be created for traders and government bodies.

The agreement will cover all modern spheres of economy and social life — digital trading systems, free exchange of data, consumer protection, open digital markets, financial services, technical cooperation.