MyNews24 is a user-generated section of The stories here come from users.

Comments: 0
Article views: 921
Latest Badges:

View all cojohnle's badges.

Pros and cons of Ukraine in the EU

13 December 2011, 13:02
Nowadays the economical crisis in European countries is the top and the highest discussed issue in mass media. Greece, Italy, Portugal… who is the next one?
However, in such situation, the European elite is considering ability to give a chance to some different countries. The matter is about EU – Ukraine trade negotiations. For Ukraine it is new levels of trade, investment and growth and new kinds of economic freedom. So, what benefits will Europe receive?

First of all it needs to draw attention that joining Free Trade Area is a part of the Association Agreement: the Association Agreement could be the first of its kind under the European Neighborhood Policy. Meanwhile two controversial questions in EU-Ukraine relationship are faced: profitable trade partnership and political issue dealing with democracy violations. The great resonance was caused by the sentence of Ukrainian former Prime Minister, Julia Timoshenko.
The EU leaders raised concerns as to this verdict regarding it as a political move and expressed negative reaction. According to the President of the European Parliament Jerzy Buzek, strengthening the rule of law and a credible fight against corruption are essential not only for the conclusion of the Association Agreement by the end of the year and the deepening of EU-Ukraine relations, but also for the consolidation of democracy in Ukraine. He urged Ukraine to uphold the principles and common values that form the core of the Eastern partnership.
In turn, the High Representative foe Foreign Affairs and Security Policy Catherine Ashton declared that Association Agreement is not conceived as a gift to Ukraine, or a gift to the EU. It is envisaged as a mutually beneficial contract sharing European values and standards, opening markets, modernizing and diversifying the Ukrainian economy and entrenching the rule of law and fundamental freedoms.
What kind of Agreement is that? A deal that will be a key for integration of economies, creation of new opportunities both for Ukrainian and European operators in all sectors of the economy. In short, this agreement offers a pathway to Ukraine's future prosperity. Support of eastern neighbors is to help them up the ladder to growth, to develop trade relations, and Free Trade Areas have been an instrument of choice in supporting partners' growth, throughout the world.
For example, in order to be exported towards the EU, Ukraine's dairy and meat products have to pay tariff duties but maybe more importantly to meet certain sanitary standards. It's all very well abolishing those tariff duties but if we don't help Ukrainian exporters meet the EU sanitary standards for milk or beef for example, then there will be no actual trade in those products.
So, in this agreement Europe will tackle such issues: Ukrainian laws and standards will become compatible with those of the European Union in trade-related areas. This is a very important chapter of approximation of legislation.
This means that Ukrainian manufacturers will meet EU norms and standards simply by respecting Ukraine's own rules and regulations. Coupled with the abolition of import duties already mentioned, this means that the barriers and costs of accessing the EU, the largest market in the world, could be swept aside.
The coverage of this trade package within the Association Agreement with Ukraine will also be exceptionally broad – including issues like the rules on public purchasing or on competition. This means that the laws, standards and eventually also practices on government procurement and competition will be sufficiently similar in the Ukraine to the ones of the EU. In negotiating this type of deal, the EU is making an unprecedented offer of deep integration with its own market. The aim is creation of a modern, transparent and predictable environment for consumers, investors and business people in both markets.
In the European Parliament it should be reminded this trade relations operate in the broader political context of overall relationship with Ukraine so that recent developments in Kiev have put all negotiations into question. But as High Representative Ashton said they should not walk away and should continue talking. Their offer of concluding the trade negotiations as part of the Association Agreement with Ukraine should remain on the table.
It is really important, that in the face of economic challenges, Europe has the courage and confidence not to retreat into the false security of protectionist tendencies. Not for us the cold comfort of closed markets – because all we know the risks that this runs. Instead we are outward looking and opening opportunities through trade.
So, the trade negotiations with Ukraine are a perfect example of a win-win outcome. The deep and comprehensive free trade area, envisaged in the context of the Association Agreement, will be of mutual economic benefit both to the EU and Ukraine. It will open each others' markets, it would modernize and diversify Ukraine's economy, and, most important of all, it will be a milestone in sharing common European values and standards; and in the coming days or weeks the political context can be created for this deal to materialize.

by Winfried Schneider-Deters
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Siphesihle Mdletshe
A voice for taxpayers?

The office of the Tax Om-bud is central to the social contract between government and citizens, by ensuring that citizens are treated fairly with respect to tax collection." - Melusi Gigaba, Minister of Finance. Read more...

0 comments 37 views
Submitted by
Happy Diwali to everyone!

Happy Diwali to you all! May you all enjoy this festival of Light surrounded by the love of your family & friends. May the next year light your lives with Love. Read more...

0 comments 58 views
Submitted by
Kagisho Montjane
ZCC: Advocate for Zionism, figura...

It is inconceivable currently in South Africa to think of leaders of character and not mention the right Reverend Bishop, Dr BE Lekganyane. Read more...

0 comments 156 views
Submitted by
Kenya: Splitting hairs

Kenyan opposition leader Raila Odinga deepened the country’s ongoing political crisis with the surprise announcement that he’s backing out of the nation’s do-over presidential elections. Read more...

0 comments 450 views
Submitted by
Louis van Schalkwyk
Springboks' November tour: no eas...

Being a Springbok supporter is hard. The relationship ranges from the team being the distant cousin you don’t like to talk about to the shining beacon of light that drives our optimism. Read more...

0 comments 490 views
Submitted by
Solomon Mathebula
Is government able to hold offici...

It is the right and responsibility of the public to ensure that those who have committed misconduct in the public offices are dealt with decisively so as to account for their duty deeds. Read more...

0 comments 201 views


RSS feeds News delivered really simply.

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

Interactive Advertising Bureau
© 2017 All rights reserved.
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.