Australia to slash tariffs on Ukrainian goods to help country's war effort
The Australian Government will extend tariff relief on Ukrainian goods as part of its response to Russia's invasion of the Eastern European country.
Treasurer Jim Chalmers announced the move today after he held talks with his Ukrainian counterpart in Washington DC.
The duty exemption will be extended for two years until July 2026 for goods that are produced and manufactured in Ukraine.
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The Australian government announced it will slash tarriffs on goods made in Ukraine. Getty
It will mean tariffs of up to 5 per cent on Ukrainian goods are slashed to zero.
Chalmers told Ukraine's Finance Minister Sergii Marchenko that the tariff relief was a demonstration of Australia's continued support for Ukraine.
It is part of Australia's package of defence, economic and humanitarian assistance to Ukraine.
Australia's overall support to Ukraine is valued at about $960 million, including $780 million in military aid for Ukraine's armed forces.
The federal government says it is committed to supporting Ukraine's economy and its participation in international trade as battles the ongoing, devastating effects of Russia's invasion.
Chalmers met Finance Minister Marchenko during a gathering of G20 finance ministers and central bank governors in the United States this week.
Deputy Prime Minister Richard Marles earlier this month announced he plans to visit Ukraine in a show of support for the war-torn nation.
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