Britain and Ukraine start negotiations on digital trade

Britain and Ukraine start negotiations on digital trade

Britain and Ukraine start digital trade talks

Illustrative open source photo

Britain and Ukraine have announced their intention to conclude an agreement on digital trade, the purpose of which will be to help Kyiv restore the country's economy.

This was reported by "RBC-Ukraine "with reference to  Office of the Prime Minister of Britain.

It is noted that on August 23, London hosted a meeting between British Minister of International Trade Anne-Marie Trevelyan and First Vice Prime Minister, Minister of Economy of Ukraine Yulia Svyrydenko, Minister of Digital Transformation of Ukraine Mykhailo Fedorov and Ukrainian Ambassador to the UK Vadym Prystaiko, during which the British side announced the country's intention to start negotiations on this issue.

"The digital trade agreement will be aimed at supporting Ukrainian businesses by eliminating red tape and helping them trade more efficiently with the UK through technologies such as electronic transactions, electronic signatures and electronic contracts, the British government press service explained.

British Prime Minister Boris Johnson, who is due to leave his post soon, earlier called on Western states not to stop providing comprehensive support to Ukraine.

BAGNET recalls that the UK will allocate for Ukraine another £3bn bailout package. Part of the funds will go to military support.

Prepared by: Sergey Daga