Oral Answers to Questions

Jack Lopresti Excerpts

Thursday 23rd March 2023 Commons Chamber

[Jack Lopresti (Filton and Bradley Stoke) (Con)]

6. Whether her Department is taking steps to help increase trade with Ukrainian businesses.

[The Secretary of State for Business and Trade (Kemi Badenoch)]

Supporting Ukraine is a Government priority. On Monday, I signed the UK-Ukraine digital trade agreement, Ukraine’s first ever digital trade deal, guaranteeing access to the UK’s financial services sector, which is crucial for their reconstruction efforts.

[Jack Lopresti]

My right hon. Friend’s Department has this week published a guide to doing business in Ukraine. Can she outline what this industry guidance sets out and how businesses can get further information if they need it?

[Kemi Badenoch]

I am grateful to my hon. Friend for highlighting the guide to doing business in Ukraine that my Department published. It provides an overview of the Ukrainian market, including setting out Ukraine’s reconstruction needs and the expected financing and procurement routes for reconstruction projects. It is accompanied by information on the business environment, trading agreements between our countries and logistical guidance. The information is intended to help businesses considering working in and with Ukraine to understand how their market works and encourage industry to increase trade with Ukraine.