Australia Extends Tariff Relief to the Ukraine

Australia will extend tariff relief to the Ukraine to demonstrate “unwavering support” for the European nation following Russia’s invasion. Treasurer Jim Chalmers met with Ukrainian Minister of Finance Sergii Marchenko in the United States on April 18, where he discussed Australia’s continued support. The duty exemption will be expanded by two years until July 3, 2026, for all goods that are manufactured and produced in Ukraine. In a joint statement, Mr. Chalmers and Trade and Tourism Minister Don Farrell said the measure will see tariffs of up to 5 percent lowered to zero for Ukrainian goods. “Australia is committed to supporting Ukraine’s economy and its continued participation international trade as it deals with the ongoing, devastating effects of Russia’s invasion,” the ministers said....