On 04 November 2015 the Verkhovna Rada ratified the Protocol, which envisages inclusion of the Agreement on simplification of trade procedures to Appendix 1A of the Marrakech Agreement on establishment of the World Trade Organization. 

The Agreement on simplification of the trade procedures is aimed at simplification of customs procedures through, in particular, decrease of financial expenditures related to them and shortening of time for such procedures, improvement of transparency, promotion of a single window approach, and combating corruption.

Implementation of the provisions of the Protocol will have beneficial effect on the level of competitiveness of Ukrainian products on international markets and amount of national export. It is also expected to serve as a positive signal to foreign investors and participants of the international trade.