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Ukraine

Ukraine

The basis for EU-Ukraine trade relations is the Deep and Comprehensive Free Trade Agreement (DCFTA), signed on 27 June 2014 as part of a broader Association Agreement (AA). The political provisions of the AA were signed on 21 March following the unprecedented events in Ukraine.

The DCFTA is expected to come into force later this year. It will boost bilateral trade in goods and services and gradually bring Ukraine's trade-related rules and standards in line with the EU's. As part of the AA it will provide the basis for modernising and developing the Ukrainian economy.

Once ratified, the AA will replace the 1998 EU-Ukraine Partnership and Cooperation Agreement.

Trade picture

  • The EU is among Ukraine's most important commercial partner and accounts for about one third of its external trade.
  • Ukraine's primary exports to the EU are iron, steel, mining products, agricultural products, and machinery.
  • EU exports to Ukraine are dominated by machinery and transport equipment, chemicals, and manufactured goods.

EU-Ukraine "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 15.2 21.3 6.1
2012 14.6 23.9 9.2
2013 13.8 23.9 10.1

Foreign direct investment

Foreign direct investment 2012, € billions
Year Inward stocks Outward stocks Balance
2012 3.5 23.9 20.4

More statistics on Ukraine

EU and Ukraine

Following signature of the political provisions of the AA, on 23 April 2014 the EU unilaterally cut or removed its customs duties on Ukrainian exports, bringing forward the tariff cutting part of the DCFTA to the benefit of Ukraine.

The DCFTA is expected to boost Ukraine's exports to the EU by €1 bn per year with the apparel, textiles, food products, vegetable oils and non-ferrous metals sectors expected to benefit most. The agreement will align Ukraine's rules with the EU's in selected industrial sectors, animal and plant health and hygiene for agricultural products, intellectual property rights, trade facilitation, public procurement, competition, and trade-related energy aspects, including on investment, transit and transport.

Trading with Ukraine