Ukraine and North Macedonia signed an updated free trade agreement

13:21 06 October Kyiv, Ukraine

Ukraine and North Macedonia have expanded the free trade agreement.


Prime Minister of Ukraine Denys Shmyhal announced this during his visit to Prague.

On the sidelines of the first summit of the European Political Community, he met with his North Macedonian counterpart Dimitar Kovachevsky. The prime ministers signed an updated annex to the free trade agreement, 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 PanEuroMed.
 
"The agreement will help reduce prices for Macedonian goods, which are raw materials for processing enterprises. This is a major advantage for the Ukrainian industry, because now Ukrainian manufacturers can use components produced in North Macedonia for products that will be sold in the EU.. In addition, the agreement liberalizes agricultural tariffs. Ukraine will gain access to the market of products of animal origin and finished products, which will help increase the export of Ukrainian agricultural products," the Prime Minister's press service explained.