UK, Ukraine start talks on digital trade deal to help rebuild war-torn economy

The UK and Ukraine have started talks on a new digital trade deal aimed at helping Ukraine rebuild its economy after the Russian invasion.

The Digital Trade Agreement aims to help Ukrainian companies by reducing red tape and helping trade with the UK more efficiently through technologies such as electronic transactions, electronic signatures and electronic contracts. , the UK Department for International Trade said in a statement. .

Ann-Marie Trevelyan, Secretary of International Trade, said Britain was “making trade good” to help Ukraine rebuild its economy after the “barbaric war” started by Russian President Vladimir Putin six months ago. I will use it as a force for

The talks were initiated following a direct request from the Ukrainian government. The Ukrainian government has identified support for the digital economy as one of its focus areas for the country’s recovery and reconstruction.

The announcement comes after Trevelyan held virtual meetings on August 23 with Ukrainian First Deputy Prime Minister and Minister of Economy Yulia Sviridenko, Deputy Prime Minister and Minister of Digital Transformation Mikhail Fedorov, and Ukrainian Ambassador to the UK Vadim Prystaiko. was broken

Praising the UK’s “unwavering support” for his country, Prystaiko said the “groundbreaking” digital trade deal would support Ukraine’s IT industry and become “a major engine of economic growth”.

Truss pledges continued support

Britain was one of the strongest supporters of Ukraine’s resistance to Russian aggression.

Since the outbreak of the war, Britain has provided Ukraine with £2.3bn ($2.7bn) worth of military aid, more than any other country but the United States.

In May, the UK eliminated all tariffs on imports from Ukraine under the existing UK-Ukraine Free Trade Agreement.

Epoch Times photo
Liz Truss, foreign secretary and aspiring Conservative leadership, to speak in Birmingham, UK, 23 August 2022. (Anthony Devlin/Getty Images)

In July, a new UK-Ukraine Infrastructure Task was launched to build partnerships between UK and Ukrainian companies to help restore damaged and destroyed infrastructure such as bridges and houses in and around Kyiv. Force was launched.

Foreign Secretary Liz Truss, frontrunner in the race to replace Boris Johnson as Conservative leader and UK prime minister, promises Ukraine will have “no greater ally” than Britain if she becomes prime minister. did.

Writing for the Daily Telegraph on August 24, Ukraine’s Independence Day, Truss said more information would be declassified to expose Russia’s “misinformation” and that by 2030 defense spending would be reduced to GDP. We repeated our promise to raise it to 3% of

PA Media contributed to this report.

Alexander Chan