At the informal ministerial meeting of the Eastern Partnership in Kyiv on July 11-12, Ukraine’s Foreign Minister Pavlo Klimkin proposed that the six members of the Eastern Partnership (Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine) form a single economic space or free trade area. This is implausible. Ukraine does need to open its economy to foreign trade to develop economically and combat corruption, but the question is how.Ukraine’s most important trade agreement is its association agreement with the European Union, which includes a Deep and Comprehensive Free Trade Area (DCFTA). Both the Ukrainian and European parliaments ratified it on September …read more
Source: Atlantic Council