Cabinet seeks to review terms or Ukraine-EU DCFTA

"It is already clear that the terms of free trade need to be reviewed. Negotiations on the creation of the free trade area with the European Union completed long ago. Today, the conditions for access of goods to the Ukraine-EU market are 'out of date'," said Ukraine's Trade Envoy Nataliya Mykolska.

Read also"Day of celebration for Europe:" EU greets Ukraine amid full entry of Association dealAccording to the official, there is a need to conduct a detailed analysis of the deepening of trade with the EU, and determine the best format for cooperation in the short and long terms – within the free trade area (with revision) or the customs union with the EU – as well as to explore possible risks and timelines.

"It is important that right now we are looking at free trade in three dimensions: free trade, investment, and extra tools. We can mention the industrial dialogue with the EU among the tools that are already working. We are completing the accession to the PanEuroMed Convention. We also actively conduct trade missions with Ukrainian exporters to the EU, which opens up additional opportunities for the free trade," Mykolska said.

Read alsoUkraine’s agri exports to EU increase by over 30%As UNIAN reported earlier, the European Union was Ukraine's major trade partner in January-June 2017, with the share of 39.9% in trade of goods and services. Ukraine's exports to the EU countries over the period under review stood at US$9.4 billion, which was $1.8 billion, or 22.8%, up year-over-year.