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Poroshenko signs law on Ukraine’s joining Pan-Euro-Med Convention
22:56, 30 November 2017
Poroshenko signs law on Ukraine’s joining Pan-Euro-Med Convention

The government has been looking into this opportunity for some time now

22:56, 30 November 2017

Press Service of the President of Ukraine

President Petro Poroshenko has signed the Law of Ukraine about joining the Pan-Euro-Med Convention; his press service reported that on Thursday.

‘The Convention sets identical provisions about the origins of goods, which the countries sell and buy according to the free trade deals; it also foresees that the member countries use each other’s raw products and components. After signing it, Ukraine will enjoy the simplified conditions of trade and comprehensive use of its export potential. The EU-Ukraine economic integration will boost as well,’ the press service said.

The law was approved by the Ukrainian parliament earlier this month.

The government has been considering the option to join the Convention since 2015. According to Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska, from now on, ‘an article produced, for instance, from Ukrainian raw materials in Montenegro, will have a preferential status if being sold in Germany’.

Related: EU-Ukraine free trade zone as nonequivalent trade exchange

Related: Ukraine, Israel are at final stages of negotiations on Free Trade Area

Related: Ukraine, Israel to approve text of free trade area agreement by end of year

Related: Top ten facts about Canada-Ukraine Free Trade Agreement

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