EU Ambassadors Approve New Trade Deal with Ukraine
EU ambassadors have approved a new version of the Deep and Comprehensive Free Trade Area (DCFTA) Agreement with Ukraine, which will replace the visa-free travel agreement and officially enter into force after approval by the EU Council on October 13.
The Gaze reports on it, referring to European Pravda.
On October 8, EU member states' ambassadors in Brussels agreed on the text of a new trade agreement with Ukraine, designed to ensure further economic integration and regulate trade after the previous “trade visa-free regime” expires in June 2025.
“Coreper approved this decision today, and I can confirm that the act will be adopted on Monday by the EU Council on Justice and Home Affairs,” said a European official familiar with the process.
After approval at the EU ministerial level, the Agreement will be approved within the EU-Ukraine Association Committee in the trade configuration established under the Association Agreement.
The new DCFTA provides for updated trade rules that will replace the Autonomous Trade Measures (ATM) that applied to Ukrainian exporters until June 5, 2025, and will ensure the continuation of preferential treatment and deeper integration with the European market.
The approval of the agreement by both parties will allow Ukraine and EU countries to officially introduce new trade rules, which will create the conditions for more stable and predictable cooperation in the field of trade and economy.
The Gaze previously reported that despite demands from five EU countries (Poland, Slovakia, Hungary, Bulgaria, and Romania) to revise the text of the new trade agreement, the European Commission does not intend to make changes to the already agreed document, based on the provisions of the DCFTA between Ukraine and the EU.
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