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Poroshenko to sign economic part of Association Agreement with EU June 27

June 19, 2014, 18:12 UTC+3 KIEV
Ukraine will be invited in Brussels to a separate signing ceremony where the EU will sign the Association Agreements with Moldova and Georgia
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© ITAR-TASS/Maxim Nikitin

KIEV, June 19./ITAR-TASS/. Ukrainian President Petro Poroshenko said he would sign the economic part of the Association Agreement with the European Union on June 27.

“The new minister bears double responsibility now that I will put my signature to complete the signing procedure for the Association Agreement on June 27,” Poroshenko said when presenting a new foreign minister, Pavlo Klimkin, to the ministry’s staff on Thursday, June 19.

European Commissioner for Enlargement and European Neighbourhood Policy Stefan Fule will be visiting Kiev on June 19-20 to continue preparations for signing the economic part of the Association Agreement between the European Union and Ukraine.

During the visit, Fule is planning to meet with parliament-appointed Prime Minister Arseniy Yatsenyuk to discuss the signing of the economic part of the agreement.

The Association Agreement is to be signed in Brussels on June 26-27. Ukrainian leaders will not attend the upcoming EU summit, which is not open to third countries. But they will be invited to a separate signing ceremony where the EU will sign the Association Agreements with Moldova and Georgia.

In April, Ukraine signed the political part of the agreement with the EU, which makes up about 2% of the document. The remaining 98% deal with the creation of a free trade zone between the EU and Ukraine, which will basically mean the opening up of the Ukrainian market to European goods since Ukrainian industrial commodities cannot compete on European markets: there is no demand for the defense industry’s products as EU countries are adopting NATO standards, and agricultural produce can hardly make their way to the saturated European market where even EU countries have to observe production quotas.

We are talking about confidence not only towards Ukrainian citizens, but also towards international investors from around the globe and international financial institutions, since association provides a blueprint for future oriented, European Union-related reforms in Ukraine Stefan Fule European Commissioner for Enlargement and European Neighbourhood Late last year, Fule reiterated that “the European Union remains ready to sign the Association Agreement, including  Deep and Comprehensive Free Trade Area (DCFTA), as soon as Ukraine is ready and proves its commitment by deeds… Let me stress what the Association Agreement is all about: it is an offer to Ukraine, to Ukrainian people and as such it is on the table. There is a shared ownership of this agreement, so the message that the door is open, should reach not only President’s office and Prime Minister’s cabinet.”

He welcomed the European aspirations of the Ukrainian nation and expressed firmly belief that “the Association Agreement, including DCFTA, will be the first substantial step towards fulfilling these aspirations. Respect for our common values and implementation of the Association Agreement will define the future progressive developments in our relationship.”

Fule reiterated that “Europe remains fully engaged and is committed to facilitate finding solutions to Ukraine’s acute political crisis, based on the firm conviction that moving rapidly towards signature of the Association Agreement would constitute a key step for restoring confidence.”

“We are talking about confidence not only towards Ukrainian citizens, but also towards international investors from around the globe and international financial institutions, since association provides a blueprint for future oriented, European Union-related reforms in Ukraine,” he said.

On November 21, 2013, Ukraine suspended preparations for signing the Association Agreement with the European Union because it had not received a clear signal indicating Europe’s readiness to compensate it for losses from worsening relations with CIS countries.

The government’s decision caused people to take to streets in Kiev and other Ukrainian cities to demonstrate in support of European integration, which subsequently led to mass riots and the overthrow of the president and government, bringing to power Western-backed forces led by Parliament Speaker Oleksandr Turchynov and Batkivshcina party leader Arseniy Yatsenyuk.

Talks on the Association Agreement resumed earlier this year and resulted in the signing of the political part of the document in May.

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