An updated trade agreement between Ukraine and the EU has come into effect.

Ukraine and the EU have completed the updated Free Trade Agreement

The updated trade agreement between Ukraine and the European Union has come into effect, promising improved and mutually beneficial trade liberalization considering the sensitivity of certain sectors of the EU economy.

The European Commission announced the entry into force of the Deep and Comprehensive Free Trade Area (DCFTA) with Ukraine, reflecting the EU’s support for Ukraine. According to official sources, the agreement is expected to expand trade flows between the parties, ensuring a fair and sustainable trading system.

The updated agreement maintains a careful balance: on the one hand, it restricts the import of some types of sensitive agricultural products, such as sugar and wheat, by increasing the import volumes only slightly. On the other hand, full liberalization was agreed for non-sensitive products.

A key aspect of the agreement is the alignment of production standards: Ukraine will gradually implement European norms, such as animal welfare standards and the use of pesticides. Ukraine will report on its progress in this regard, which aligns with its plans to join the EU.

Additionally, the parties agreed to explore opportunities to support Ukrainian exporters in accessing traditional markets in third countries.

It should be reminded that on October 13, the EU approved the terms of the new agreement, which will replace trade preferences that expire in June 2025.