I am pleased to announce that the UK-Ukraine digital trade agreement entered into force on 1 September, following the completion of the necessary domestic procedures on both sides. This historic trade agreement will help Ukraine rebuild its economy and support livelihoods following Russia’s illegal invasion.
This is the deepest digital trade agreement that the UK has negotiated. Digital trade is rapidly becoming the dominant form of trade. Seizing the opportunities in this area is fundamental to our prosperity. UK and Ukrainian businesses of all shapes and sizes, and across all sectors of the economy (whether trading in goods or services), will benefit from the agreement.
Ukraine’s recovery from Putin’s illegal and barbaric war will be a symbol of the power of freedom and democracy over autocracy. Our DTA with Ukraine creates a digital UK-Ukraine free trade agreement by modernising our bilateral trade in the digital era and deepening our economic ties with Ukraine.
Greater digitalisation of the economy is a key priority for President Zelensky’s Government. This agreement will boost productivity, jobs and growth, and allow us to help Ukraine deliver on their digital ambitions by:
Ensuring open digital markets, including through commitments such as a ban on imposing customs duties on electronic transmissions.
Supporting cross-border data flows, including financial data, and prohibiting the unfair imposed localisation of data as well as committing to high standards of personal data protection.
Championing digital trading systems to cut red tape and make trade cheaper, faster, and more secure for Ukraine and UK businesses.
Upholding consumer benefits and business safeguards in trade, including cyber-security and online consumer protection.
This agreement further cements the UK’s commitment to stand shoulder-to-shoulder with Ukrainian allies in response to the ongoing conflict and play our part in securing Ukraine’s future as a prosperous, stable and democratic partner in Europe. I hope the House will join me in celebrating this important milestone for UK and Ukrainian businesses.
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