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Adjusting technical rules to EU norms to cost Ukraine EUR165 billion

October 03, 2013, 13:59 UTC+3
Ukraine hopes to sign an association agreement with the EU at the summit of Eastern Partnership in Vilnius
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KIEV, October 3 (Itar-Tass) - Adjusting technical regulations to the European Union’s requirements will cost Ukraine EUR165 billion within ten years, Ukrainian Prime Minister Nikolai Azarov told a meeting with a delegation from the European Parliament’s Alliance of Liberals and Democrats for Europe on Thursday.

“An association agreement with the EU is comprehensive and rather difficult for Ukraine,” he said. “For instance, adjustment of technical regulations will cost Ukraine approximately EUR165 billion within ten years. This is a time- and effort-taking work. We need to readjust our economy to new standards.”

Ukraine hopes to sign an association agreement with the EU at the summit of Eastern Partnership in Vilnius, Lithuania, in November. 

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