Ukraine's accession to the Single Market Programme (SMP), an important step in Ukraine’s European path

Despite the arduous challenges caused by the Russian invasion, Ukraine showed impressive willingness to accelerate its path towards the integration in the EU Single Market and our teams have been negotiating the Association Agreement of Ukraine to the Single Market Programme (SMP), following Ukraine’s formal expression of interest in this programme in 2021. The SMP is the EU’s financial programme to boost the Single Market. It is aimed at strengthening and increasing the visibility of the Single Market over 2021-2027, focusing on the economic recovery of each industrial ecosystem. The agreement will provide Ukraine with support to businesses, facilitating access to markets, favourable business environment, sustainable growth and internationalisation. It will allow Ukraine to benefit from specific calls under the programme for SMEs, as well as to participate in initiatives like the Erasmus for Young Entrepreneurs and the Enterprise Europe Network. It will also give the possibility to apply for funding to national statistics producers, for the production and dissemination of high-quality statistics to monitor the economic, social, environmental and territorial situation.