Friday, January 8, 2016

EU-Ukraine Association Agreement: trade part became operational on 1 January 2016

Due to the Deep and Comprehensive Free Trade Area (DCFTA) Ukrainian businesses receive stable and predictable preferential access to the largest market in the world with 500 million customers, while EU businesses will be able to benefit from easier access to the Ukrainian market and build new relationships with Ukrainian suppliers and cooperation partners.
The DCFTA will thus offer an opportunity to Ukraine to improve its business climate and to attract foreign investment, helping Ukraine to further integrate with the world economy. Free Trade Area is foreseen to be implemented over several years, allowing gradual legislative alignment and time for all affected stakeholders to adjust. The EU continues to support Ukraine by providing assistance and making available advice and expertise, notably to help small businesses (SMEs) to grow and to take advantage of the opportunities granted by the DCFTA, in particular regarding the progressive alignment with EU rules. Read more at http://eeas.europa.eu