EU grants Ukraine three years of preferential trade terms (starting Sept 2017)

Posted on: 02/08/2017

Since the last EU – Ukraine Summit, which took place in Brussels in November 2016, a significant amount of progress has been made, bringing positive change to the lives of Ukrainian and EU citizens.

The ratification of the Association Agreement, including the Deep and Comprehensive Free Trade Area (AA/ DCFTA), two days ago, will mean its full entry into force on 1 September 2017. The Association Agreement provides the blueprint for Ukraine's ambitious reform path and fosters trade and investment between the European Union and Ukraine. After more than one year of provisional application of the DCFTA, trade has grown by 10%, cementing the EU as Ukraine's first trading partner. In addition, leaders welcomed the political agreement to grant autonomous trade measures for Ukraine, which would further boost bilateral trade through the elimination of additional tariffs and customs duties on agricultural and industrial products.

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