Business news from Ukraine

AUSTRALIA CANCELS TARIFFS ON ALL UKRAINIAN IMPORTS FROM JULY 5, EXCEPT FOR ALCOHOL, FUEL AND TOBACCO

Since July 5, Australia has marked tariffs on Ukrainian imports of goods, in addition to alcohol, fuel and tobacco, as a support package for a year, according to the website of the Australian Department of Trade and Tourism.
As indicated by the agency, we are talking about reducing tariffs from 5% to zero for a period of 12 months for a number of goods that are produced or produced in Ukraine. At the same time, it is clarified that duties equivalent to excises remain in force, for example, those that apply to fuel, alcohol and tobacco products.
According to the report, such measures from Australia and other states support the economy of Ukraine and expand its trading opportunities, and they are also important for Ukraine’s recovery in the near and long term.
According to the report, in 2021, Ukrainian exports to Australia amounted to $122 million.

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AUSTRALIA WILL ADDITIONALLY PROVIDE ASSISTANCE TO UKRAINE FOR $100 MLN

Australian Prime Minister Entino Albenizi announced that Ukraine will be provided with additional military-technical assistance worth $100 million.
“Today we are announcing an additional $100 million in military-technical assistance. In total, we have already provided $390 million,” he said Sunday at a briefing in Kyiv after meeting with Ukrainian President Volodymyr Zelensky.
“We also provide an additional 14 armored personnel carriers and 20 Bushmaster armored vehicles. Thus, the total number of Bushmasters is 60 units,” he said.
According to the prime minister, Australia will also provide additional military equipment, drones.
“We will also provide additional assistance to the border troops of Ukraine,” he said.
According to the prime minister, “we will also reduce duties on Ukrainian goods. We will join the work of the International Court of Justice, announce additional sanctions and travel bans against 16 Russian ministers and big businessmen.”
Australia, according to the prime minister, will also ban the import of Russian gold.

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UKRAINE WORKING ON TRADE LIBERALIZATION WITH CANADA, AUSTRALIA, SWITZERLAND, NORWAY, ICELAND, LIECHTENSTEIN

The Ukrainian delegation during the WTO ministerial conference held about two dozen bilateral talks on possible trade liberalization and removal of existing barriers, in particular, in trade in agricultural products, Deputy Economy Minister – Trade Representative of Ukraine Taras Kachka said.
“The main conclusion is that the world believes in Ukraine and is ready to open markets for Ukrainian products. This means that the world believes in our victory over the aggressor,” he wrote on Facebook after the conference.
Kachka also said that Ukraine has sent a request to the European Free Trade Association (Switzerland, Norway, Iceland, Liechtenstein) to update the free trade agreement, and it will be considered next week within the framework of the EFTA institute.
According to the trade representative, he discussed further steps to liberalize trade, having carried out preparatory work right at the conference, with Canadian Minister of International Trade Mary Ng.
Kachka added that he agreed with the Minister of Trade of Australia in a few days after the conference to discuss in detail the possibilities of liberalizing bilateral trade (GSP and FTA).
The Ukrainian trade representative also said that he had discussed the conclusion of an agreement on digital trade with UK Secretary for International Trade Anne-Marie Trevelyan.
“The same issue – trade liberalization and digital trade – were relevant in a conversation with the Minister of Trade of Singapore. Singapore is ready to become a hub for trade in Ukrainian products in Asia,” Kachka added.
According to him, at a meeting with the Minister of Trade of Senegal, he emphasized that Ukraine is doing everything to increase exports and feed Africa.
“Senegal is chairing the African Union this year and their understanding of the true causes of food problems is very important,” the Ukrainian trade representative said.

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11 PROFESSIONAL RESCUERS FROM THE USA, AUSTRALIA AND GERMANY ARRIVE IN UKRAINE

On Monday, April 18, Minister of Internal Affairs of Ukraine Denys Monastyrsky met foreign rescue colleagues who arrived in Borodyanka (Kyiv region).
According to the press service of the Ministry of Internal Affairs of Ukraine, 11 professional rescuers from the United States, Australia and Germany have expressed a desire to come to Ukraine on a volunteer basis and help Ukrainian rescuers. In the near future, 1 more Polish representative will join the team.
It is noted that now they will work in Borodyanka, where they will be involved in dismantling the rubble and deblocking buildings.

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AUSTRALIA ALLOCATES $20 MLN ADDITIONAL MILITARY AID TO UKRAINE

The Australian Government has announced further military support to the Government of Ukraine in response to Russia’s relentless and illegal aggression and an additional A$26.5 million worth of A$26.5 million ($19.4 million at current exchange rates) for the Ukrainian Armed Forces.
“This brings Australia’s total military assistance to date to approximately A$191.5 million (approximately $143 million),” Australian Prime Minister Scott Morrison and Defense Secretary Peter Dutton said in a joint press release. (Peter Dutton) Friday.
They indicated that the support is in addition to the $38 million worth of 20 Bushmaster armored personnel carriers that were announced free of charge to Ukraine earlier in the day.
The release clarifies that the government will not disclose specific details of the new aid package or delivery scheme at the direct request of Ukrainian officials and other partners.
“Our government will continue to identify opportunities for further military assistance where it can quickly provide the necessary capabilities to the Ukrainian Armed Forces. Australia may be thousands of miles away, but we stand shoulder to shoulder with Ukraine against this illegal incursion, providing weapons, equipment and even energy carriers,” the Prime Minister and Minister of Defense of Australia emphasized.
As reported, in addition to military support, Australia’s humanitarian aid to Ukraine at the end of March amounted to almost $50 million, as well as 70,000 tons of thermal coal.

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PRESIDENT OF UKRAINE INVITED AUSTRALIA TO JOIN THE COUNTRY’S RECONSTRUCTION PROGRAM

President of Ukraine Volodymyr Zelensky called on Australia to join the program for the restoration of the regions of Ukraine, in particular, the coast of the Black and Azov Seas.

We invite the leading states of the world, leading companies and the best specialists to join the project of restoring Ukraine. To take patronage over a region, city or industry in our country in need of restoration. Your state granted ours such a special status of a like-minded country. But we are not only related in our thoughts, we are also related in dreams. Therefore, I invite your country to take a closer look at our southern regions, at our coast of the Black and Azov Seas. The restoration of our ports, the development of cities like Kherson, the restoration of the Ukrainian maritime industry can be a special contribution to stability for you after this terrible war,” he said in a video message to the Australian Parliament on Thursday.

He also called on Australia to join in arms assistance to Ukraine. “You have excellent Bushmaster armored vehicles that can significantly help Ukraine. As well as other models of equipment and weapons that can strengthen our positions,” he said.

“And I hope that the Ukrainian community of Australia, our strong Ukrainian community, will join this work. It will support us now as strongly as in previous years,” Zelensky said.

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