EU report: 9% trade increase between EU and Ukraine in one year.

16-10-2019
Photo: European Union
Photo: European Union

The EU has issued its third annual report on the implementation of 35 major trade agreements with 62 partners, including Ukraine.

The report states that trade between Ukraine and the EU increased by 9% between 2017 and 2018. The EU received 42% of Ukraine's worldwide exports.

According to the report, Ukraine has made progress in a number of sectors in 2018. The EU welcomes in particular the new draft law on public procurement. The country is also making progress in aligning its regulatory framework and standards to EU law, while approximation is ongoing in regard to sanitary and phytosanitary measures, customs cooperation and trade facilitation.

However, as the report states, enforcement of intellectual property rights is still too weak and not up to international standards. In addition, progress is needed with the approximation of Ukrainian legislation with the EU state aid rules.

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