Ukraine's Association Agreement with the European Union

The Association Agreement is intended to tie Ukraine closer to the European Union. Political and economic ties would be strengthened and the former Soviet republic gradually integrated into the European Union market.

The agreement, which has already partially entered into force, includes a reform agenda for Ukraine, which is expected to bring its laws into line with EU norms.

The agreement also foresees reforms to strengthen democracy and the rule of law, as well as protection for human rights and measures to combat corruption.

The agreement sparked the political crisis that erupted in Ukraine in November 2013 and the subsequent tensions with former ruler Moscow.

Following pro-European demonstrations in the capital Kiev's central Maidan (Independence) Square, the pro-Russian president Viktor Yanukovych was toppled from power.

Russia vehemently protested the rapprochement between Ukraine and the EU.

The Association Agreement includes a free-trade agreement, which targets an almost 100-per-cent dismantling of trade tariffs on both sides.

Ukraine has agreed to adapt its regulations to the EU's to facilitate trade and to open up inward investment and guarantee free capital flows.

EU firms will gain easier access to a sales market of some 45 million consumers, and the end of tariffs is expected to save them hundreds of millions of euros in costs annually, according to estimates by the European Commission.

Moscow has expressed concerns that its economy will be negatively impacted by the agreement, as tax-free imports from the West could enter Russia via Ukraine.

Last update: Fri, 24/06/2016 - 08:49
Author: 

More from Europe

Biden: US, EU must fight Russian plan to destroy liberal world order

Russia is intent on dismantling the liberal world order, and the best way to stop it is a strong alliance between...

Russia extends Snowden's temporary residency by 'couple of years'

Russia has extended the temporary residency of fugitive US whistleblower Edward Snowden by a "couple of years,"...

Quake shakes snowbound central Italy

A tremor of magnitude 5.3 shook central Italy Wednesday, the National Institute of Geophysics and Vulcanology (INGV...

AfD politician's rejection of WWII guilt prompts angry backlash

A right-wing firebrand's claims that Germany is belittling and shaming itself by commemorating the Holocaust...

Assange to remain in embassy but 'happy' for Manning, lawyer says

 WikiLeaks founder Julian Assange is "very happy for Chelsea Manning," said Assange's Swedish attorney about US...