Zubko: EU-Ukraine Trade Turnover Runs at $50 Billion

Five new agreements were signed between Ukraine and the EU for a total sum of €119 million during the Ukraine-EU Summit


Photo from Ukrinform-UATV


Hennadii Zubko, the Deputy Prime Minister, Minister for Regional Development, Construction, Housing, and Communal Services, stated that the total trade turnover between Ukraine and EU countries has reached $50 billion. He was offering comment on the results of the 21st Ukraine-EU Summit, the press service of the Deputy Prime Minister of Ukraine reported.

The EU will continue cooperation with Ukraine, particularly with the support of reforms, the implementation of a roadmap for the implementation by Ukraine of its Agreement with the EU and the provision of macro-financial assistance, Zubko said.

“Key topics of the Ukraine-EU summit were energy security, deregulation, implementation of the Free Trade Agreement (FTA) between Ukraine and the EU. Currently, the trade turnover with the countries of the European Union has already reached $50 billion. But, the most important thing is the support for reforms: decentralization and energy efficiency,” he said.

According to the service, five new agreements were signed between Ukraine and the EU for a total sum of €119 million. One of those, inked by Hennadii Zubko and the European Commissioner Johannes Hahn, concerned further support for decentralization — the Agreement on Financing the Second Phase of the U-LEAD with Europe Program in the amount of €40 million.

Source UATV
date 09.07.2019
categories Economics
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