Poroshenko names three priorities in development of trade with EU

Poroshenko names three priorities in development of trade with EU

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Ukrinform
Ukraine's priorities in the development of trade with the EU are enhanced customs cooperation, the conclusion of an Agreement on Conformity Assessment and Acceptance of Industrial Products, and the harmonization of legislation in the sphere of sanitary and phytosanitary measures.

Ukrainian President Petro Poroshenko wrote this on his Facebook page on the occasion of the third anniversary of the establishment of a deep and comprehensive free trade area between Ukraine and the EU.

"From January 1 this year, the FTA with the EU receives a new powerful impetus through the introduction of the Regional Convention on Pan-Euro-Mediterranean Preferential Rules of Origin. Our next priorities in the development of trade with the EU are enhanced customs cooperation, the signing of an Agreement on Conformity Assessment and Acceptance of Industrial Products, and the harmonization of legislation in the field of sanitary and phytosanitary measures," he wrote.

He recalled that the process of full-scale economic integration of the state into the EU's single market began three years ago, when a deep and comprehensive free trade area between Ukraine and the EU started to work.

The president emphasized that during the period of the FTA, Ukraine's trade with the European Union grew by 40% and the EU's share in exports of Ukrainian products reached a historic high of 42.5%. In addition, the structure of Ukrainian exports in terms of value added products, which accounted for 43% of exports to the EU, has changed qualitatively.

Free trade with the European Union has been an impetus to the holding and completion of FTA negotiations with other major trading states, such as Canada, Israel, and Turkey, Poroshenko said.

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