NUCC International Trade Committee has been established

The Norwegian-Ukrainian Chamber of Commerce (NUCC) successfully held the first founding meeting of the NUCC International Trade Committee on April 19th, with 23 participants in attendance. The Committee’s primary objective is to share knowledge and experience among NUCC members on free bilateral trade between Norway and Ukraine, focusing on aspects such as tariff regulation, customs clearance, preferential treatment of goods, non-tariff regulation, and trade defense measures. We would like to provide our members with an opportunity to meet and discuss current challenges and obstacles when it comes to the bilateral trade of goods and services, as well as update each other on recent news and trends.

Oleg Kyryievskyi and Iryna Pavlenko from the Ukrainian company and NUCC member First Chair Legal took the initiative to chair the Committee in 2023. We will use this time to establish the structure and routines of the Committee. NUCC members interested in joining the Committee can sign up at the Committee webpage to receive invitations to future meetings, the latest news, and updates.

During the first meeting, attendees discussed the current status of trade between Norway and Ukraine. In Q1 2023, the joint trade between the countries amounted to 846 million NOK, an 18% year-over-year increase. Norwegian export and import saw significant growth, driven mainly by seafood, second-hand electric cars, and Ukrainian agri-business.

Additionally, the meeting covered recent news in international trade with a focus on Ukraine, such as the active harmonization of Ukrainian legislation with EU requirements as well as Ukraine’s joining the Convention on Common Transit on October 1st, 2022. Participants also discussed the transitional PEM rules and various simplifications related to processing rules and proof of origin.

The NUCC encourages members to join the Committee and contribute relevant questions or topics for discussion in future meetings.