The EU-Ukraine Association Agreement is a comprehensive trade and cooperation agreement between Ukraine and the European Union. It was signed in 2014 and came into effect in 2017. The aim of the agreement is to deepen political and economic ties between Ukraine and the EU and to support Ukraine`s ongoing reform efforts.
The agreement covers a wide range of areas, including trade in goods, services, and agriculture, as well as investment, energy, and the environment. It also includes provisions on political dialogue, human rights, and justice.
One of the key benefits of the agreement is that it allows for the gradual integration of Ukraine into the EU`s internal market. This means that Ukrainian businesses will be able to trade more easily with their European counterparts, and consumers will have access to a wider range of goods and services.
The agreement also includes a deep and comprehensive free trade area (DCFTA), which removes tariffs and other trade barriers between Ukraine and the EU. This is expected to boost trade between the two partners, and to contribute to Ukraine`s economic growth and development.
In addition to its economic benefits, the EU-Ukraine Association Agreement is also seen as a way to support Ukraine`s political and social transformation. The agreement includes provisions on democracy, rule of law, and human rights, and aims to strengthen Ukraine`s institutions and governance structures.
Overall, the EU-Ukraine Association Agreement is a significant milestone in the relationship between Ukraine and the European Union. It represents a commitment to deeper cooperation and integration, and offers substantial benefits for both partners. For more information on the agreement, visit the Wiki page on EU-Ukraine Association Agreement.