Ukraine next year set to update DCFTA with the EU – PM.

Preparatory work in this direction will begin in the near future, Honcharuk says.

Oleksiy Honcharuk / Photo from UNIAN

Oleksiy Honcharuk / Photo from UNIAN

Ukraine is set to update the trade part of the Association Agreement with the European Union, says Prime Minister Oleksiy Honcharuk.

Preparatory work in this direction will begin in the near future to make sure that the updated document is signed next year, Honcharuk told a joint press conference in Kyiv on Wednesday with European Commissioner for Neighborhood and Enlargement Olivér Várhelyi.

"We are now looking into starting preparations for updating the Association Agreement in the trade part. Such an opportunity will open for us next year, so we must be prepared for this," he said.

Read alsoPoland willing to get more information about Ukraine's plan to upgrade Association Agreement with EU

Commissioner Várhelyi stressed that the EU also planned this year to complete all preparatory work for the revision of the trade part of the agreement.

UNIAN memo. The Association Agreement between the European Union and Ukraine fully entered into force on September 1, 2017.

The Association Agreement, including its Deep and Comprehensive Free Trade Area (DCFTA), is the main tool for bringing Ukraine and the EU closer together: it promotes deeper political ties and stronger economic links, as well as respect for common European values. The DCFTA provides a framework for modernizing Ukraine's trade relations and economic development by opening up markets and harmonizing laws, standards and regulations with EU and international norms. The latter will help Ukraine integrate Eu standards into key sectors of the country's economy.

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