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Ukrainian prime minister sets exports, foreign investment and logistics as economic priorities for 2024

Ukrainian Prime Minister Denys Shmyhal speaks at the latest Cabinet sessions. (Government photo)

The Ukrainian government's economic policy in 2024 will focus on improving logistics in the country, boosting exports and drawing more foreign investment, Prime Minister Denys Shmyhal said.

"First of all, we are expanding the geography of our exports," Shmyhal said at a Cabinet meeting. "We are promoting Ukrainian products on the global market. We are agreeing on new free trade zones and duty-free access for our goods to various countries."

He said another priority is to obtain an agreement for permanent, completely free trade with the European Union. In the meantime, the government seeks to extend the "economic visa-free regime" with the EU, which lets Ukrainian businesses export goods into the union member states without additional fees, until June of 2025.

Shmyhal offered no specific examples of planned improvements in logistics but, in regards to trade, he pointed out that the UK has just agreed to extend a tariff-free trading period with Ukraine to 2029 and Canada's parliament just approved a similar deal with Ukraine.

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