News

The Verkhovna Rada of Ukraine (VRU) approved in the first reading draft law No. 12117 on improving the functioning of industrial parks.

This was reported on Facebook by Member of Parliament Dmytro Kysylevskyi, Deputy Chairman of the Verkhovna Rada Committee on Economic Development, as conveyed by a Ukrinform correspondent.

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In January 2025, Ukraine’s imports of goods increased by 7.8% compared to the same period last year, rising from $5.1 billion to $5.5 billion, while exports decreased by 5.9%, dropping from $3.4 billion to $3.2 billion. Import volumes for January have been growing since 2023, where they reached $4.8 billion, while exports have returned to the 2023 level of $3.1 billion.

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On February 10, the U.S. President signed an executive order that canceled Ukraine’s temporary exemption from tariffs on the import of steel and steel products. Ukraine will continue active efforts with its partners to find an optimal solution for the metallurgical industry before the U.S. tariffs take effect. The executive order states that, starting March 12, 2025, all previous exemptions for Ukraine regarding the import of steel and related steel products will be revoked.

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Ukraine is becoming increasingly significant in Germany’s bilateral trade and, despite the war, is growing more attractive for investments.

German exports to Ukraine increased last year by 1.2 billion euros to 8.2 billion euros (+17%). Ukrainian exports increased by nearly 20 percent, making it the second fastest-growing in the region.

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Ukraine and North Macedonia have signed a protocol to the Agreement on International Road Transport, which will ensure the stable use of a permit-free system for freight and passenger transportation.

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In 2024, for the first time in history, the trade turnover of agricultural products between Ukraine and the European Union (EU) reached $17 billion.

Mykola Puhachov, Deputy Director of the National Scientific Center, noted that Ukraine achieved a positive trade balance with the EU in agricultural products, amounting to approximately $9 billion.

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According to a report by the Institute of Agrarian Economics (IAE), Ukraine increased imports of dairy products from the EU by 8% in 2024.

Dairy products took 7% of imports from the EU.

Last year, companies imported dairy products worth $277 million. At the same time, the key product in the imports of this group turned out to be various cheeses, which were purchased last year for $225 million.

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The Ukrainian diaspora has developed an electronic catalog of Ukrainian-Canadian businesses and organizations operating in Canada.

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The export of Ukrainian animal products to the markets of European Union countries is possible only after confirming the fulfillment of the requirements of the destination country and obtaining the appropriate certificate from the territorial body of the State Service of Ukraine on Food Safety and Consumer Protection (Derzhprodspozhyvsluzhba).

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In the first 9 days of February, the volume of agro-exports transported by road from Ukraine more than doubled, compared to the same period in January, reaching 88,500 tons.

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