Ukraine-EU free trade agreement goes into force

Written by on January 4, 2016 in Europe - Comments Off on Ukraine-EU free trade agreement goes into force

Ukraine has rung in the new year with a move that has at once deepened ties with the European Union and cut strings to Russia, as Ukraine’s free trade agreement with the EU took effect on January 1.

The trade deal, which is expected to give ordinary Ukrainians more buying power, was signed in June 2014 as part of the EU association agreement with Ukraine, but it was delayed for a year as Russia pushed for negotiations.The agreement should stimulate Ukraine’s economic growth, creating a more sustainable and diversified market and attracting foreign investment.

For the full story, please visit The Kyiv Post.

(Photo: Simon Johansson/sxc.hu)

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