Free Trade Agreement With Ukraine
Free trade agreements promote the free movement of goods and services between countries, which in turn encourage the attraction of investment, reduce import costs, develop domestic production and infrastructure, exchange experiences and technologies, employ the population, maintain taxes and royalties, and maintain close inter-governmental links. Ukraine will also ensure that its relevant national authorities participate fully in European and international standards, legal metrology and compliance measurement and assessment organisations, including accreditation, in accordance with its area of activity and membership status.  The free trade agreement between Ukraine and the EFTA states (Switzerland, Norway, Iceland and Liechtenstein) was signed in Reykjavik, Iceland, on 24 June 2010. ratified by Ukraine`s Law 4091-VI of 7 December 2011 and came into force on 1 June 2012. This agreement covers trade in goods (industrial, agricultural, fish and sea production), services and dispute resolution. Given the difference between the levels of economic and social development between Ukraine and EFTA member states, the agreement is the principle of the parties` asymmetric commitments, which allow Ukraine to adapt its trade with EFTA countries to free trade conditions. While work to sign a comprehensive and comprehensive free trade agreement between Ukraine and the EU began for the first time in 1999, formal negotiations between the Ukrainian government and the EU Trade Commissioner did not begin until 18 February 2008.  In May 2011, three issues remain unresolved in the free trade agreement: Ukrainian grain export quotas, access to the EU services market and geographical names of Ukrainian raw materials. Beyond these issues, the agreement was ready.  Despite these outstanding issues, Ukraine was ready to sign the agreement at present. Although Ukraine wanted stronger wording of the eu`s enlargement prospects and market access for its truckers, Ukraine had more than many other candidates at the same stage of the process. The final agreement was signed on July 19, 2012.  The ratification of the DCFTA was blocked by the EU due to concerns about the rule of law in Ukraine.
   These include the application of selective justice and the modification of the right to vote. As a result, the role of Ukrainian oligarchs in sanctioning the agreement has also been called into question.  Read the text of CUFTA and learn more about the agreement. In 2014, the European Parliament adopted a resolution which states that “in accordance with Article 49 of the Treaty on European Union, Georgia, Moldova and Ukraine, as well as any other European country, have a European perspective and can apply for EU membership in accordance with the principles of democracy, respect for fundamental freedoms and human rights, minority rights and the guarantee of the rule of law,” formally recognising the possibility of the three countries joining the EU in a future way.  The AA/DCFTA aims to boost trade in goods and services between the EU and Ukraine by gradually reducing tariffs and adapting Ukraine`s rules to the EU in certain industrial and agricultural sectors.