What’s Next, after Ukraine Signs Association Agreement with the EU?

On the sidelines of the EU summit in Brussels on 27 June, Ukrainian and EU representatives signed the economic part of the Association Agreement. Following ratification of the agreement by parliament, Ukraine will start adopting EU regulations in exchange for obtaining access to EU markets. Ukraine is expected to increase its share of exports to EU markets and balance its trade deficit with the EU. The agreement with the EU is unlikely to compensate fully for exports halted by Russia, but will contribute to alleviating dependence on Russian markets in several sectors.