Ukraine signs 16 FTA deals with 45 states over years of independence

13:00, 07 August 2017
Economy
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Ukraine has concluded 16 free trade agreements over the years of independence, covering 45 countries, according to a report posted on Facebook by Deputy Minister of Economic Development and Trade and Ukraine's Trade Representative Natalia Mykolska.

REUTERS

The most extensive free trade agreement was concluded between Ukraine and the European Union (Deep and Comprehensive Free Trade Agreement).

Read alsoCanadian trade minister welcomes CUFTA dealOfficially, DCFTA will come into force on September 1, 2017, but, in fact, it has been applied in full from January 1, 2016. The agreement covers both trade in goods and trade in services, public procurement, as well as the gradual alignment of Ukraine's legislative base with European standards for integration into the EU's economic space.

Read alsoUkrainian, Israeli presidents agree to accelerate free trade talksIn addition, Ukraine has signed a free trade agreement with Canada, including trade in goods and public procurement, Georgia (trade in goods), Macedonia (trade in goods), Montenegro (trade in goods and services), countries of the European Free Trade Association (Iceland, Liechtenstein, Norway, Switzerland), as well as the countries of the Commonwealth of Independent States (on January 1, 2016, Russia unilaterally refused to fulfill its obligations under this agreement).

Read alsoUkraine’s agri exports to EU increase by over 30%Moreover, the Ukrainian businesses have the opportunity to use the U.S. Generalized System of Preferences, which provides for duty-free export of about 5,000 types of goods.

As UNIAN reported earlier, the Canada-Ukraine Free Trade Agreement came into force on August 1, 2017.

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