The Ukrainian government, in collaboration with the European Commission, is actively working on establishing new trade conditions with European Union countries that will come into effect after June 5. This is an important step towards ensuring the stability of the Ukrainian economy and maintaining open access for Ukrainian goods to the European market.
This is reported by Business • Media
Consequences for Ukrainian Exports if Agreements Are Not Met
If the agreements are not accepted, the provisions of the Association Agreement will automatically come into effect, which could lead to significant losses for Ukrainian exporters. Estimates indicate that if current restrictions remain in place, Ukraine could lose about 1.5 billion USD, which accounts for nearly 4% of the country’s total exports to the EU.
Support from the European Union and Future Plans
European Commission President Ursula von der Leyen assured that the new trade conditions will be more favorable for Ukraine than those in place before 2022. According to her, this is achievable through the review and expansion of the existing free trade regime in accordance with Article 29 of the Association Agreement.
“The main thing is to preserve and enhance access for Ukrainian goods to the European market,” she emphasized.
The Ukrainian side emphasizes that the format of future agreements is secondary; the main priority is to maintain and expand opportunities for Ukrainian businesses in the European market.