EU signs Association Agreements with Georgia, Moldova and Ukraine
YEREVAN, June 27. /ARKA/. As announced since the Eastern Partnership summit in Vilnius, last November, the EU has signed this morning the Association Agreements with Georgia, Moldova and Ukraine, Neurope.eu reports.
Ukraine actually signed only an agreement on closer economic ties with the EU, formally known as a Deep and Comprehensive Free Trade Area agreement (DCFTA), since the political part of the agreement had already been completed.
These were accompanied by the signature of an Association Agreement between the European Union and the European Atomic Energy Community and their Member States, of the one part, and the three partner countries, of the other part.
The agreements remove almost all tariffs on imports into the EU of goods and services. The aim is to increase trade, growth and jobs. The signing countries should benefit because the EU, with 506 million people, is a very large market to do business with, and because tariffs are being removed more quickly by the EU than by the signing countries. –0--