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Ukraine, EU start consultations on further trade liberalization

Source : 112 Ukraine

It concerns accelerating and expanding the spheres of the abolition of import duties in trade between Ukraine and the EU
21:39, 10 February 2021

AFP

During the meeting in Brussels on February 10, the Prime Minister of Ukraine Denys Shmygal and Executive Vice-President of the European Commission Valdis Dombrovskis began consultations on further trade liberalization between Ukraine and the EU, as provided for in Article 29 of the Association Agreement with the European Union.

In particular, it concerns accelerating and expanding the spheres of the abolition of import duties in trade between Ukraine and the European Union.

Related: Canada interested in expanding Free Trade Agreement with Ukraine,- Freeland

According to Denys Shmygal, the EU is one of Ukraine's major trading partners, so the Government is determined to boost cooperation in this area.

"I am confident that maintaining a permanent dialogue will help eliminate barriers in mutual trade," the Prime Minister stressed.

The Head of Government thanked the European Commission for the decision to provide Ukraine with the first tranche of macro-financial assistance worth EUR 600 million at the end of last year.

Related: Ukraine's PM promises affordable mortgage at 5%

"Timely receipt of funding by Ukraine has become extremely important to maintain macroeconomic and financial stability in Ukraine," said Denys Shmygal.

As we reported earlier, Prime Minister Denys Shmygal and President of the European Council Charles Michel discussed the implementation of the Ukraine-EU Association Agreement during their meeting on the eve of the meeting of the EU-Ukraine Association Council.

"I met with the like-minded President of the European Council Charles Michel. We shared our expectations from the forthcoming meeting and discussed prospects for further cooperation. We look forward to agreeing on a specific timeframe for the launch of a comprehensive review of the Association Agreement. Implementation of the Agreement is a basis for linking the economies of Ukraine and the EU," Shmygal said.

Related: Ukraine expects to receive NATO Membership Action Plan together with Georgia, - PM

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