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.
The most extensive free trade agreement was concluded between Ukraine and the European Union (Deep and Comprehensive Free Trade Agreement).
Officially, DCFTA will come into force on September 1, 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.
In 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).
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. (UNIAN/Business World Magazine)
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