Ukraine joined the Convention on a Common Transit Procedure on Saturday, and cargoes are already being sent to and from the country under the procedure.

The Ukrainian Ministry of Finance announced this in a statement, the CFTS portal reports.

"The possibility of international movement of goods between Ukraine and other participating countries under a single transit document was opened on 1 October," the ministry said in the statement.

The Ministry of Finance clarified that Germany was the first country from which cargo was sent to Ukraine under the Common Transit Procedure. Ukrainian customs officials have already seen the T1 transit declaration in the New Computerized Transit System (NCTS), and they are waiting for the truck to arrive.

The first transit declaration for a cargo leaving Ukraine has also been issued in the country. The cargo is now passing through Poland to Germany based on this transit declaration.

The Ministry of Finance noted that under the EU Convention on a Common Transit Procedure, a single transit document is submitted for delivery of goods from one country to another: from a customs office in the country of departure to a customs office in the destination country. This speeds up customs formalities at the border and reduces the corresponding costs to businesses.