Income of Ukraine after signing the Association Agreement with the EU to increase by over 1 bln EUR per year - EC
The European Commission estimates the planned boost of the income of Ukraine after signing the economic part of the Association Agreement with the EU at the level of 1.2 bln EUR per year, declared the press-service of the European Commission on June 23.
According to the announcement, the Association Agreement of Ukraine and the EU will create additional opportunities for trade through lowering of the current import duties. Due to customs tariff liberalization and above all regulatory approximation to the EU standards, Ukraine will get easier access to the EU market.
Through the Agreement Ukraine will progressively remove customs tariffs and quotas, extensively harmonise laws, norms and regulations in various trade-related sectors, and create the conditions for aligning key sectors of the Ukrainian economy to EU standards. The European Commission estimates suggest that the implementation of the EU-Ukraine deal is expected to increase the Ukrainian exports to the EU by 1 bln EUR per year.
“Sectors that would benefit the most are wearing apparel and textiles, food products, vegetable oil and non-ferrous metals. New market opportunities in the EU and higher production standards will spur investment, stimulate the modernisation of agriculture and improve labour conditions”, informed the EU officials.
You should be authorized to post comment
Polish President signed a bill on the ratification of the EU-Ukraine Association Agreement
As of December 1, Ukraine exported 15.19 mln tonnes of grains - Ministry of Economic Development
Ukraine increased winter crops planted areas by 7.3% – State Statistics Service
Ukraine: as of December 1, sunflower seed stocks totaled 6.1 mln tonnes – State Statistics Service
December 16, 15:20
Ukraine: as of December 1, grain stocks totaled 30.9 mln tonnes – State Statistics Service
December 16, 13:10
Ukraine: selling prices of agricultural commodities grew by 21.3% - State Statistics Service
December 16, 12:10
Ukraine exported over 17 mln tonnes of grains – Ministry of Agrarian Policy
December 16, 10:20
Ukraine: in January-November the sea ports increased grain cargoes shipment
December 16, 09:30
Ukraine increased grain shipment volumes from the seaports
December 15, 11:20