PM Shmyhal: Exports to EU soar by a third

In January-May 2021, exports to the European Union grew by more than a third, accounting for additional $2.7 billion in revenue for Ukrainian business.

"Over the first five months of this year, exports to the European Union grew by more than a third, accounting for additional $2.7 billion in revenue for Ukrainian business. The exports are on a record level now ... We will continue to work to provide Ukrainian entrepreneurs with the fullest access to European markets," Prime Minister Denys Shmyhal said at the Cabinet’s meeting, an Ukrinform correspondent reports.

As noted, Ukraine is actively working with European partners to make progress in signing the Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA).

"According to the first report of the EU mission, the Ukrainian legal framework has a high level of compliance with the EU legislation, so we are actively moving in this direction," the Prime Minister said.

As reported, the EU member states are Ukraine's largest trading partners. The share of these countries in the foreign trade turnover of goods and services of Ukraine was 40.7% in 2020.

According to the State Statistics Service, in January-March 2021, imports of goods to Ukraine increased by 11.0% to $15.02 billion, exports – by 12.0% to $13.71 billion compared to the same period in 2020.

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