EU report: Free trade with Ukraine delivers on growth and public tenders

Photo: European Union
Photo: European Union

A new EU report has revealed that the EU-Ukraine Deep and Comprehensive Free Trade Area (DCFTA) paved the way for EU companies to bid in public tenders in the country. Ukraine has adopted a comprehensive roadmap on public procurement – a further step towards a more transparent and open public procurement system.

Trade in services and investment with Ukraine under the DCFTA continued to rise in 2016, recovering after the economic and political crisis. At the same time, Ukraine continued banning the export of wood logs, with little progress on the pending forest legislation that was supposed to remove this trade restriction.

These are the most important findings of the second annual report on the implementation of EU trade agreements, issued by the European Commission on 31 October 2018. These agreements – covering nearly 70 markets all over the world, including Ukraine – are proving effective in removing barriers to trade and promoting high standards of labour and environment protection. However, European exporters could make even more of the opportunities offered by the agreements in place.

The report covers developments in 2017. More on the EU-Ukraine trade relationship and developments can be found here.

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EU trade agreements implementation report

EU-Ukraine trade relationship