Home / Business / The EU confirmed the free trade area with Ukraine to launch from January 1, 2016

The EU confirmed the free trade area with Ukraine to launch from January 1, 2016

The EU confirmed to Ukrainian authorities, that the free trade area with Ukraine will come into force from January 1, 2016
Association Agreement with Ukraine ratified by all EU countries

Today the EU Council has confirmed to Ukrainian authorities, that the free trade area agreement with Ukraine will come into force from January 1, 2016. Ukrainian President Petro Poroshenko and his spokesman informed in Twitter, Joinfo.ua reports.

“The EU has just informed me about the readiness to launch the free trade area with Ukraine from January 1, 2016. Now there are no obstacles there. We start from the new year! “, – the President said.

Svyatoslav Tsegolko, the spokesman of the President also informed: “Just received a note from the EU Council on the completion of all procedures to start FTA with Ukraine. It starts on January 1.”  

Earlier, the European Union noted that the agreement on the FTA between Ukraine and the EU will start operating in 2016 without any changes, despite the fact that Russia has repeatedly asked the EU to delay implementation of an agreement with Ukraine.

The EU and Ukraine signed the agreement on the Free and Comprehensive Free Trade Area on 27 June 2014 as part of their broader Association Agreement.

The Russian Federation is going to restrict Ukrainian import if the free trade area comes into force on January 1, 2016.