This agreement means both sides agreement on trade related investment measures mutually open their markets for goods and services based on predictable and enforceable trade rules. The main EU exports to Ukraine include machinery and transport equipment, chemicals, and manufactured goods.
Total trade between the EU and Ukraine increased by 27. January to August 2017 vs January to August 2016. In that period, exports from EU to Ukraine increased by 26. EU to Ukraine increased by 27. The EU is a large investor in Ukraine. 1 bn in Ukraine in 2015.
DCFTA aims to boost trade in goods and services between the EU and Ukraine by gradually cutting tariffs and bringing Ukraine’s rules in line with the EU’s in certain industrial sectors and agricultural products. To better integrate with the EU market, Ukraine is harmonising many of its norms and standards in industrial and agricultural products. Ukraine can receive support from the EU’s SME Flagship Initiative. This funding adds to the new trade opportunities with the EU that have been created by DCFTA.
The EU has banned the import of goods originating in Crimea and Sevastopol, as well as investments and a number of directly related services there until at least 23 June 2017. Ukrainian exports to the EU of machinery and mechanical appliances, plants, oils, base metals, chemicals and textiles benefitted from GSP preferential tariffs. Following the provisional application of the DCFTA, these GSP preferences will be phased out at the end of 2017. Factsheet on the SME Flagship Initiative which includes Ukraine. One cannot separate economics, political science, and history.
Politics is the control of the economy. History, when accurately and fully recorded, is that story. In most textbooks and classrooms, not only are these three fields of study separated, but they are further compartmentalized into separate subfields, obscuring the close interconnections between them. This section attempts to highlight some of the misconceptions and unfairness in the current model for global trading, economics and the current form of overly corporate-led globalization. It attempts to provide a look at how this all has an impact on people around the world, especially the developing nations. Following a period of economic boom, a financial bubble — global in scope — burst, even causing some of the world’s largest financial institutions have collapsed. Some of the bail-outs have also led to charges of hypocrisy due to the apparent socializing of the costs while privatizing the profits.