40% of Ukraine's total export was in EU countries

Since the beginning of the free trade zone, Ukraine's export to the EU countries account for 40% of total export. Vice-Prime Minister for European and Euro-Atlantic Integration of Ukraine Olga Stefanyshyna announced this during a press conference ,,Ukraine: investment industry in times of changes”, - UNN correspondent says.

,,For today, export to the EU countries since the beginning of the free trade zone account for more than 40% of Ukraine's total export and, fortunately, these figures have been gradually growing in recent months. The opening of the European market for Ukraine allowed not only at the beginning of the annexation of Crimea and Russian aggression to reorient and save the Ukrainian economy, but also became a powerful stimulus for the development of small and medium-sized businesses,” - she said.

It should be mentioned that Ukraine and the EU signed three agreements on deepening cooperation in Brussels on the sidelines of the summit.

Reference: starting from January 1, 2016, the terms of trade between Ukraine and the EU are regulated by the Association Agreement between Ukraine and the EU (In the period from January 1, 2016 to August 31, 2017 in a temporary use. From September 1, 2017 the Association Agreement came into force in full). In order to benefit from free trade preferences between Ukraine and the EU, the goods must originate from Ukraine or the EU and comply with the rules of origin set out in Protocol I of the Association Agreement.

As previously reported in UNN, starting from next year there will be a free trade zone between Ukraine and Great Britain.


Reference source: UNN



Read all news