Association Agreement With The Eu Ukraine

This agreement will require regular summits between the President of the European Council and the President of Ukraine. Members of the Council of the European Union and the Cabinet of Ministers of Ukraine are also expected to meet regularly, as well as members of the European Parliament and the Ukrainian Parliament, as well as other officials and experts from both sides. The Deep and Comprehensive Free Trade Area (DCFTA) is the economic component of the agreement. It provides a framework for the modernization of the Ukrainian economy and trade relations. The Ukraine-European Union Association Agreement is an association agreement between the European Union (EU), Euratom, Ukraine and the 28 EU Member States at the time (separate parts with the EU and Euratom). It establishes a political and economic association between the Parties. The agreement entered into force on 1 September 2017 and parts had been provisionally applied. The parties undertook to cooperate in a wide range of areas and to harmonise economic policy, legislation and regulations, including equal rights for workers, visa-free measures for persons, exchange of information and personnel in the judicial field, modernisation of Ukraine`s energy infrastructure and access to the European Investment Bank. The Parties undertook to hold regular meetings and meetings between Ministers, other officials and experts. In addition, a Deep and Comprehensive Free Trade Area will be established between the Parties. The idea of an association agreement was launched in 2006, which led to the start of talks in 2008. In March 2012, the EU and Ukraine initialled the agreement.

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