The DCFTA’s Impact on the Modernisation of Ukraine’s Economy
The DCFTA’s Impact on the Modernisation of Ukraine’s Economy

Author(s): Daniel Szeligowski
Subject(s): Public Administration, Public Law, Economic policy, Geopolitics
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Ukraine; Eastern Europe; economy; European Union; Free Trade Agreement; trade
Summary/Abstract: To make full use of the Deep and Comprehensive Free Trade Area with the EU, it will not be enough for Ukraine to implement EU norms and technical standards. The Ukrainian government should create transparent and stable regulations and simplify the business environment. In this respect, legislative approximation in sectors covered by the DCFTA will be necessary. At the same time, it will be essential that the EU financial support provided to Ukraine is spent effectively to minimise, at least partially, the high cost of modernisation.

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