BUSINESS DAY HIGHLIGHTS Impacts of Russia’s War and Digital Trade Agreement with the UK

Business Summit held in April. The discussion focused on crucial topics such as the disruption of supplies, increased costs, higher transportation costs, decline in confidence, shift in investment destinations, and nearshoring. These issues were examined in light of the ongoing conflict and its implications for global trade. The important role played by regional economies and supply chains was strongly advocated through the panel discussion.

3. Collaboration on cybersecurity, promoting joint efforts to enhance digital security measures.

4. Facilitating cheaper and easier trade through the adoption of digital trading systems.

London, 23 June 2023 – The recent outbreak of Russia’s full-scale war against Ukraine has left a profound impact on value chains across European, Asian, and other markets. To address these effects and explore potential unexpected consequences, the Ukraine Recovery Business Day was held on 23 June in London. This event brought together industry leaders, policymakers, and experts to discuss the challenges faced by businesses and the wider economic landscape.

The CEO of Liverpool Chamber, Paul Cherpeau, participated in a panel discussion during the event, as follow up to the Liverpool-Ukraine

The United Kingdom and Ukraine have signed a Digital Trade Agreement (DTA) to strengthen their economic ties and propel bilateral trade into the digital era. Building upon the existing UK-Ukraine Free Trade Agreement, the DTA modernizes trade practices and unlocks numerous benefits for businesses and consumers in both nations.

Key provisions of the Digital Trade Agreement include:

1. Open digital markets, ensuring the tariff-free flow of digital content.

2. Guaranteeing the flow of trusted data, fostering secure data transfers between the UK and Ukraine.