The EU and Ukraine have concluded an Association Agreement. The treaty creates a so called ‘Deep and Comprehensive Free Trade Area’ (DCFTA) that covers the territories of both the EU and Ukraine.

The free trade area came into effect on 1 January 2016.

From this date on, the EU and Ukraine offer each other privileged access to their respective markets.

The EU provides Ukraine with significant support not only to bring its legislation in line with the EU’s but also through macro-financial and technical assistance.

An improved regulatory framework and easier access to the EU market is expected to increase trade and make Ukraine more attractive to European investors.

In the longer term, this should support Ukraine’s economic development and generate more demand for European products and services – a win-win situation.

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For more information please contact Stephanie Warrington at [email protected]