For several years now, the world is going through a big crisis. Since the fall of the global pandemic, the Russia-Ukraine war and now also the global economic crisis is creating a new structure of every activity.

The increased use of technology has shown that many processes that until recently had to be done physically can now be done online. This transformation is even happening for processes of international importance in relations between states.

This happened between the United Kingdom and Ukraine where the two countries signed an agreement on digital trade.

The digital trade agreement was reached this week at a meeting in London between Trade Secretary Kemi Badenoch and Ukraine’s Trade and Economy Minister Yulia Svyrydenko.

Trading digitally is particularly valuable, the UK government argues, because the war and damaged Ukrainian infrastructure make trading physically difficult.

It is hoped the deal will help shore up Ukraine’s battered economy.

According to the Department for International Trade it is hoped the deal will help the UK and Ukraine get their digital identity systems working together. This comes from the critical need for people who have lost documentation or been forced by war to travel to new countries to be able to use digital tools to prove they are who they say they are.

The agreement will also enable deeper cybersecurity cooperation and help secure cross-border information flow between financial services companies.

Ms. Svyrydenko said that the agreement highlighted the fact that Ukrainian IT companies were in demand worldwide, despite all the challenges of the war.

Artificial Intelligence and the agreement

The agreement is an agreement in principle regardless of the digital nature. A final legally binding text of the deal is still to be agreed, Sabina Ciofu, an international trade expert for #TechUK, told the BBC. But such agreements are likely to translate into “pilot projects with regulators and industry on both sides,” she said.

Much would depend on how the agreement would ultimately be implemented, but according to Ms. Ciofu, “this particular agreement is likely to see a lot of support – to move quickly on implementation and pave the way for other activities digital”.