Along with Georgia and Moldova, two other post-Soviet countries keen to move out of Moscow’s orbit, Kiev will sign the deal with Brussels to establish a free-trade area and introduce a raft of measures designed to synchronise economies with EU nations, as well as improve rule of law and human rights.
The European commission president, José Manuel Barroso, said this week that the agreements were of “huge strategic importance”, coming as they do amid unrest in eastern Ukraine.
Ukrainian President Petro Poroshenko has signed up to a trade and economic pact with the European Union, saying it may be the “most important day” for his country since it became independent from the Soviet Union.
“It’s absolutely a new perspective for my country,” Poroshenko said.
The Ukraine–European Union Association Agreement is a treaty between the European Union (EU) and Ukraine that establishes a political association between the two parties.
The parties committed to cooperate and converge policy, legislation, and regulation across a broad range of areas, including equal rights for workers, steps towards visa-free movement of people, the exchange of information and staff in the area of justice, the modernization of Ukraine’s energy infrastructure, and access to the European Investment Bank.
The parties committed to regular summit meetings, and meetings among ministers, other officials, and experts.
The agreement commits Ukraine to economic, judicial and financial reforms to converge its policies and legislation to those of the European Union.
Ukraine committed to gradually conform to EU technical and consumer standards.
The EU agreed to provide Ukraine with political and financial support, access to research and knowledge, and preferential access to EU markets.
The agreement commits both parties to promote a gradual convergence toward the EU’s Common Security and Defence Policy and European Defence Agency policies.
3,941 total views, 2 views today