Ukraine Signs Updated Free Trade Agreement with European Countries
Ukraine has signed a renewed Free Trade Agreement with the European Free Trade Association (EFTA) countries—Switzerland, Norway, Iceland, and Liechtenstein—The Gaze reports, citing Prime Minister Denys Shmyhal.
The updated agreement replaces the original 2010 deal, adapting it to current economic realities. It is expected to create new opportunities for Ukrainian businesses in affluent markets with high purchasing power.
According to Prime Minister Shmyhal, the updated agreement features revised chapters on trade facilitation, sanitary and phytosanitary measures, public procurement, technical cooperation, and intellectual property protection.
In addition, new chapters have been introduced, covering e-commerce, support for small and medium-sized enterprises (SMEs), and trade and sustainable development.
Ukraine is also signing separate updated agreements with Norway, Iceland, and Switzerland in the field of agriculture. These changes aim to lower trade barriers and expand the access of Ukrainian agricultural products to EFTA markets.
‘Step by step, we are making Ukraine a full-fledged part of economic Europe,’ Denys Shmyhal commented on his social media.
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