Ukraine Exported European Clothing And Textiles To Zero Tariff

In June 27th, the EU signed the remaining part of the agreement with Ukraine on the European Union summer summit held in Brussels. The economic part of the agreement stipulates that Ukraine will deepen economic integration with the EU and establish a deep and comprehensive free trade area. The agreement covers a wide range of cooperation. After the end of the stipulated transitional period, Ukraine and the European Union will carry out trade with zero import duties.

EU announcements pointed out that the integration of trade liberalization and legislation with the EU will create new trade opportunities for Ukraine, and Ukraine's annual exports to the EU will increase by 1 billion euros ($1 billion 360 million), especially in the EU. clothing and Spin Exports of commodities, food and non-ferrous metals will benefit. In addition to trade preferences, Ukraine will continue to enjoy financial assistance from the European Union. According to the European Commission, the implementation of the agreement will add 1 billion 200 million euros to Ukraine every year.

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On the 27 day of the EU's summer summit in Brussels, the EU signed the remaining part of the agreement with Ukraine. What does it mean for Ukraine to sign the association agreement with the European Union? At the end of last year, Ukraine decided to suspend preparations for the signing of the associated countries agreement with the European Union, which directly led to the outbreak of the Ukraine crisis.

The agreement of the U / O countries is 1200 pages long, with a total of 7 parts besides preamble. In addition, the agreement has 43 annexes and 3 protocols.

The economic part of the agreement stipulates that Ukraine will deepen economic integration with the EU and establish a deep and comprehensive free trade area. The agreement covers a wide range of cooperation areas. Some of the terms of trade cooperation involve a large number of means of trade policy, including import and export tax rates, technical barriers, intellectual property protection and so on. After the end of the stipulated transitional period, Ukraine and the European Union will carry out trade with zero import duties.

EU announcements pointed out that the integration of trade liberalization and regulation with the EU will create new trade opportunities for Ukraine, and Ukraine's annual exports to the EU will increase by 1 billion euros (US $1 billion 360 million), especially the export of garments and textiles, food and non-ferrous metals. In addition to trade preferences, Ukraine will continue to enjoy financial assistance from the European Union. According to the European Commission, the implementation of the agreement will add 1 billion 200 million euros (US $1 billion 600 million) to Ukraine every year.