To ask the Secretary of State for International Trade, what recent steps her Department has taken to increase the volume of trade between the UK and Ukraine.
11 June 2021
Total trade between the United Kingdom and Ukraine was valued at £1.3 billion in 2020. HM Government is taking steps to increase the volume of trade with Ukraine, including in areas such as defence and security, agri-tech, food and drink, green technologies and aerospace, as well as through the promotion of inward investment and the resolution of market access barriers.
Bilateral trade is underpinned by the United Kingdom-Ukraine Political, Free Trade and Strategic Partnership Agreement, offering preferential trading terms for British and Ukrainian businesses, which was signed on 8th October 2020 by my Rt Hon. Friend, the Prime Minister. On the same day, I signed a Memorandum of Understanding between ‘UK Export Finance’, Britain’s official export credit agency, and the Government of Ukraine, underlining our £2.5 billion capacity to support exports to Ukraine and agreeing areas of priority for cooperation.