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Free Trade Agreement Ukraine

The EU and Ukraine meet regularly to discuss issues and best practices in implementing the agreement. Committees meet regularly. Chapter 4 aims to improve the legal environment for EFTA and Ukrainian investors investing in other countries` markets in sectors not covered by the trade in services chapter. The agreement provides for both non-discriminatory access to the direct investment market and fair, fair and non-discriminatory treatment of existing investments. In some areas, the parties have expressed reservations on the basis of restrictions imposed by their national legislation (Annex XI and XII). Before the treaty was signed, about one third of Ukraine`s foreign trade was with the European Union (EU); another third was with Russia. [6] Ukrainian President Viktor Yanukovych reaffirmed his commitment to the agreement during his annual speech on Ukraine`s Independence Day on 24 August and called it an incentive for Ukraine to become a modern European state. In the same speech, he also called for the preservation and deepening of relations”…, the united Russia, countries of the Eurasian community, other world leaders and new centers of economic development. [216] Pro-European Ukrainian opposition politicians said that Russia`s action was in line with a leaked document that set out a Russian government strategy to rob Belarus, Kazakhstan and Russia`s customs union of Ukraine and prevent further association with Euro-Atlantic structures. The 14-language document lists efforts to promote pro-Russian rhetoric in the media dominated by anti-Russian views, to punish pro-European entrepreneurs, tv moguls and Ukrainian politicians, to elect pro-Russian Viktor Medvedchuk as president in 2015, and then to clean up pro-European officials. In this context, there is also reference to cooperation with Belarus and Kazakhstan. [217] [218] Experts who commented on the leaked document argued that Medvedchuk had no chance of winning the 2015 presidential elections and could not seriously disrupt the signing of the association agreement.

[219] [220] EFTA states signed a free trade agreement with Ukraine on 24 June 2010 in Reykjavik, Iceland. The agreement came into force on June 1, 2012.