In April 2015 Ukraine was granted free access to the European Union’s internal market due to the EU’s unilateral elimination of both tariff and non-tariff barriers. In 2015, 98.1 per cent of EU’s tariff duties were cancelled under the provisions of the Deep and Comprehensive Free Trade Agreement (DCFTA) with Ukraine. In practice this means that Ukrainian producers can now sell their products to EU customers without paying custom tariffs on most goods. Apart from simple trade liberalisation through the removal of custom tariffs, the DCFTA also introduced the reduction or removal of non-tariff barriers, the liberalisation of an investment regime, the liberalisation of trade in services and the harmonisation and mutual recognition of regulative and institutional frameworks related to trade and investment.
May 30, 2016 - Maryna Kornilova