The UK has signed a pivotal digital trade deal with Ukraine that will support the country’s economy and enhance the UK-Ukraine trade and investment relationship. The department for business and trade hosted a number of Ukrainian ministers, as well as 200 UK and international businesses and officials, at Mansion House to lay the foundation for closer future co-operation.

Badenoch, alongside Ukraine’s First Deputy Prime Minister and minister of economy, Yulia Svyrydenko, virtually signed the new Digital Trade Agreement (DTA) that will help Ukraine support its economy through the current crisis and lay foundations for its recovery and revival, UK’s department for international trade said in a press release.

Ukrainian businesses will be able to trade more efficiently and cheaply with the UK through electronic transactions, e-signatures, and e-contracts.

“This digital trade agreement illustrates that Ukrainian IT companies operating in Ukraine are in demand around the world despite all the challenges of war. The UA-UK Digital Trade Agreement has enshrined core freedoms for trade in digital goods and services. Ukraine believes that an open and free framework for the digital economy is the best investment in future oriented development,” said Svyrydenko.

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