Does the EU have a trade deal with Ukraine?

Does the EU have a trade deal with Ukraine?

The EU and Ukraine have provisionally applied an Association Agreement since November 2014. As a part of this association agreement, a Deep and Comprehensive Free Trade Agreement (DCFTA) has been provisionally applied since January 2016. It reduces tariffs that European firms face when exporting to Ukraine.

When was EU Ukraine Association Agreement signed?

This economic part of the Agreement together with the previously signed political part constitutes one single document. Parliament of Ukraine and the European Parliament ratified the Association Agreement between Ukraine and the EU simultaneously on September 16, 2014.

When was the association agreement between the EU and Ukraine signed?

The economic part of the Association Agreement was signed during the meeting of the Ukrainian President Petro Poroshenko with the European Council, leaders of the European Union, the Heads of State and Heads of Government of the 28 EU Member States on June 27, 2014.

What is the free trade area between Ukraine and the EU?

The chapter on Deep and Comprehensive Free Trade Area between Ukraine and the EU defines the legal framework for the free movement of goods, services, capital and partly labour force between Ukraine and the EU. It also defines regulatory convergence aimed at the gradual integration of Ukraine into the EU common market.

How many Ukrainian companies are exporting to the EU?

The number of Ukrainian companies exporting to the EU has increased at an impressive rate, from approximately 11,700 in 2015 to over 14,500 in 2019. Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.

Who is the largest trading partner of Ukraine?

The EU granted Autonomous Trade Measures (ATMs) for Ukraine, topping up the concessions included in the Association Agreement/DCFTA for several industrial goods and agricultural products from October 2017 for a period of three years. The EU is Ukraine’s largest trading partner, accounting for more than 40% of its trade in 2019.