Ukraine and North Macedonia have agreed to expand the free trade zone, Prime Minister Denys Shmygal said.
“Today, as part of our visit to the Czech Republic to participate in the first session of the European Political Community, we met with Prime Minister of North Macedonia Dimitar Kovachevsky. An updated annex to the Free Trade Agreement was signed, which integrates the markets of Ukraine and North Macedonia with the markets of the EU, Turkey, Moldova , Georgia, Norway, Switzerland and Israel through a common system of rules of origin for PanEuroMed,” Shmyhal wrote on the Telegram channel.
According to him, the agreement will help reduce prices for Macedonian goods, which are raw materials for processing enterprises.
“This is the main advantage for the industry of Ukraine. After all, now Ukrainian manufacturers can use components produced in North Macedonia for products that will be sold in the EU,” he wrote.
In addition, the agreement liberalizes agricultural tariffs.
“Ukraine will gain access to the market for products of animal origin and finished products, which will help increase the export of Ukrainian agricultural products,” the prime minister said.
