Part of Ukraine-EU partnership deal enters into force

EU to ease customs duties on Ukraine goods as part of efforts to foster better trade ties between Kiev and Brussels

Part of Ukraine-EU partnership deal enters into force

World Bulletin/News Desk

A partnership agreement reached between Ukraine and the European Union in June has partially entered into force, Ukrainian officials said Saturday.

EU will decrease customs duties on some Ukrainian products and remove current taxes on several other products as part of the agreement.

These commercial concessions, intended to ease Ukraine’s adaptation to EU norms and standards, will be in force till December 31, 2015.

The agreement also deals with several other issues, including cooperation in politics, security and justice.

Meanwhile, presidents of Ukraine, European Council and European Commission released a joint statement on Saturday and welcomed the partial launch of the agreement.

"The agreement will be a key instrument for carrying out needed reforms in Ukraine in following years," said the statement released on the website of Ukraine's presidential office.

The partnership agreement will pave the way for closer ties between Ukraine and the EU, which will possibly draw reactions from pro-Russian citizens in the country.

The crisis that resulted in the Russian annexation of Crimea and unrest in Ukraine’s eastern regions was triggered in November 2013 when ousted former president Viktor Yanukovych announced the abandonment of a trade agreement with the EU and chose to pursue closer ties with Russia.

 

Last Mod: 01 Kasım 2014, 17:01
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