In a bid to strengthen their trade partnerships, Ukraine and the United Kingdom have signed a digital trade agreement. The signing of this agreement is a significant development for Ukraine, as they become only the second country in the world to enter into such a partnership with the UK, following Singapore.

The digital trade deal supplements the Political, Free Trade, and Strategic Partnership Agreement signed by the two nations and will become effective after all interstate procedures are completed.

As per reports by Ukrainian media, the latest agreement aims to prevent any possible trade barriers from arising in the future while guaranteeing Ukrainian IT companies continued and unrestricted access to markets, which is vital to their growth and expansion.