^ The EU and Ukraine commit through the Association Agreement to increase their dialogue and
cooperation on migration, asylum and border management. The importance of the introduction of a visa
free travel regime for the citizens of Ukraine in due course, provided that the conditions for well-managed
and secure mobility are in place is recognised in the Agreement.
^ The commitment to combating organised crime and money laundering, to reducing the supply of and demand
for illicit drugs and to stepping up cooperation in the fight against terrorism is also reflected in the Agreement.
^ The wish to enhance people-to-people contacts is explicitly set out.
TITLE IV: TRADE AND TRADE-RELATED MATTERS
The EU is Ukraine’s main commercial partner and accounts for 35% of its external trade, ahead of Russia
(2014). Closer economic integration through the DCFTA will be a powerful stimulant to the country’s
economic growth. As a core element of the Association Agreement, the DCFTA will create business
opportunities in Ukraine and will promote real economic modernization and integration with the EU.
Higher standards of products, better services to citizens, and above all Ukraine’s readiness to compete
effectively in international markets should be the result of this process.
^ Hence the DCFTA Title IV of the Association Agreement is dedicated to Trade and Trade Related
Matters. Through a Deep and Comprehensive Free Trade Area economic integration is envisaged.
^ The DCFTA, linked to the broader process of legislative approximation will contribute to further
economic integration with the European Union’s Internal Market. This includes the elimination of almost
all tariffs and barriers in the area of trade in goods, the provision of services, and the flow of investments
(especially in the energy sector). Once Ukraine has taken over the relevant EU acquis, the EU will grant
market access for example in areas such as public procurement or industrial goods.
^ The DCFTA will provide for a conducive new climate for economic relations between the EU and
Ukraine. New trade and investment opportunities will be created and competition will be stimulated. All
these elements are factors crucial to economic restructuring and modernisation. As regards the impact
of a removal of customs duties entailed by the DCFTA, experience has shown that this short-term loss
of import charges will be more than compensated for by the increased revenue received by the state
from indirect taxes paid by companies seizing new market opportunities and by the general boost to
the economy. The budget spending on legal and institutional reforms in trade-related areas is or will
be supported by the EU along with funds from International Financial Institutions. The DCFTA once in
force will provide tariff cuts which will allow the economic operators of both sides to save around € 750
millions per year on average (most of the customs duties being lifted).
TITLE V: ECONOMIC AND SECTOR COOPERATION
Title V comprises 28 chapters in the fields of energy cooperation; macro-economic cooperation;
management of public finances; taxation; statistics; environment; transport; space; cooperation in
science and technology; industrial and enterprise policy; mining and metals; financial services; company
law, corporate governance, accounting and auditing; information society; audio-visual policy; tourism;
agriculture and rural development; fisheries and maritime policy; Danube river; consumer protection;
cooperation on employment, social policy and equal opportunities; public health; education, training
and youth; culture, sport and physical activity; civil society, cross-border and regional cooperation;
participation in European Agencies and Programmes, based on gradual approximation with the EU acquis
and also – where relevant – with international norms and standards.
TITLE VI: FINANCIAL COOPERATION, WITH ANTI-FRAUD PROVISIONS
The European Union and its Member States continue to be the largest donor to Ukraine: since 1991,
assistance provided by the European Union alone has amounted to over €3 billion. Support for Ukraine in