Ukraine: A DCFTA after All
Ukraine: A DCFTA after All

Author(s): Piotr Kościński
Subject(s): International relations/trade, EU-Accession / EU-DEvelopment, Geopolitics
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Ukraine; Eastern Europe; economy; Free Trade Agreement; trade
Summary/Abstract: The EU agreement with Ukraine on a free trade zone, or DCFTA, will come into force on 1 January 2016. The result, though, will not produce immediate economic benefits for Ukraine and will also carry the previously announced sanctions on Ukraine by Russia, including an embargo on food imports. In the long term, however, the DCFTA will allow Ukraine to accept the majority of the acquis communautaire and further its rapprochement with the EU, as well as to improve standards and the competitiveness of the economy. Ukrainian authorities need political and financial support from the EU during the first phase of the DCFTA’s implementation, especially in countering the Russian sanctions.

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