Economic Consequences of the Realisation of the EU-Ukraine Association Agreement
Economic Consequences of the Realisation of the EU-Ukraine Association Agreement

Summary/Abstract: The article focuses on the features of the EU-Ukraine Association Agreement and the economic consequences of its implementation for Ukraine. The impact on foreign trade, export–import component of trade with the EU, problems and prospects for introducing European standards in Ukraine are determined. The study hypothesises that the EU-Ukraine Association Agreement has worsened the already weak economic situation in Ukraine and led to a reorientation of Ukraine’s foreign trade with a simultaneous loss of markets to which Ukraine exported high value-added products and their replacement for EU markets where only raw materials are exported. It also led to a loss of more than a quarter of its own industrial production and the gradual transformation of Ukraine into a raw material appendage of Europe.

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