UBTА and UCAB: The results of the Ukraine-EU Summit will be a powerful impulse for the renewal of the EU-Ukraine DCFTA


The Ukrainian Business and Trade Association (UBTА) and the Ukrainian Club of Agrarian Business (UCAB) welcome the results of the Ukraine-EU Summit, held on October 6 this year in Brussels, in the part related to the perspective qualitative renewal of the Association Agreement between Ukraine and the EU, and its trade and economic segment - the Deep and Comprehensive Free Trade Area (DCFTA).

According to the Head of the UBTA Brussels office Nazar Bobitsky, the agreements reached by the parties and set out in the Joint Statement of the Summit will allow a comprehensive assessment of the state of implementation of the Agreement in terms of its goals and objectives:

"Creating conditions for deepening trade and economic relations with the support of promoting Ukraine's integration into the EU Market is defined by the Agreement as one of its key tasks. In our opinion, the only real criterioа for assessing the effectiveness of Ukraine's integration into the European market is free and unimpeded access of Ukrainian goods and services, equal, non-discriminatory rules of the game without the introduction of new trade barriers. Therefore, we are grateful for the principled position on this issue of the President of Ukraine Volodymyr Zelensky, announced during the Summit. At the same time, the prospects for a qualitative update of the Agreement risk remaining inaccessible if we do not apply our "homework" on adapting European legislation, continuing the necessary institutional reforms."

Commenting on the results of the Summit, UCAB President's Strategic Affairs Advisor Volodymyr Lapa stressed the need to make the European Green Deal an integral part of the renewal of the Agreement:

Assessing the state of implementation of the Agreement is the best step towards determining the objective needs of Ukrainian and European producers in the improved conditions of general access to the markets of both parties related to the agro-food sector. We must support not only the renewal of tariff regimes for market access, but also the liberalization of non-tariff measures. These include sanitary and phytosanitary requirements, new rules for the EU market, which will also be dictated in the new climate agenda. Therefore, initiatives such as the European Green Course should become an integral part of the renewal of the Agreement. Ukraine's adaptation The EPC listens to both Ukraine's potential contribution to achieving the continent's climate neutrality by 2050 and the issue of unimpeded access of Ukrainian export industries to the EU market for economic development and social stability."

Among the important achievements of the Summit is the signing of the Agreement "Climate Package for a Stable Economy" (CASE) in the amount of 10 million euros, which contributes to Ukraine's accession to the European Green Deal. As Deputy Prime Minister Olga Stefanishina noted in her comments to the media, this agreement allowed to finance the abolition of projects for the transition to a clean, resource-efficient, climate-neutral and circular economy. The document provides grants for energy audits and energy efficiency of small and medium enterprises, renewable energy projects, the provision of advisory municipalities on cost-effective installation of heat and hot water. The agreement could also propose the establishment of a joint resource center on climate innovation between Ukraine and the EU and the introduction of reliable accounting for greenhouse gas emissions and ozone-depleting substances.

"We hope that the financial resources of the CASE Agreement may also be available to Ukrainian agribusiness entrepreneurs who make a significant joint contribution to ensuring the environmental stability of Ukraine's economy," said Volodymyr Lapa.