PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Eric Watkins
 
Comments: 4
Article views: 561
 
 
 

Ukraine could become a new 'Eastern European tiger'.

29 June 2014, 12:16
This week, namely on June 27 at the EU Summit will be conducted the official signing of the economic part of the Association Agreement between the European Union and Ukraine, which will open a new page in relations between historical trading partners.

Signing of the economic part of the Agreement (political part was signed on March 21) should contribute to facilitating access of Ukrainian producers to the European market, as well as give impetus to the growth of the whole European economy, so as Ukraine has a huge potential.

Ukraine after the signing of the economic association will achieve access to the large European market with its $ 16 trillion trade turnover per year. Thus, Ukraine will have new opportunities, but at the same time, it could not freely sell all their products - as they must meet the technical and sanitary requirements of the EU. But if to invest in technology and make a brand new product - the chance to enter the European market will be incredibly high. More important is that Ukrainian authorities seem to be aware that they have no chance for error and will fight for the development of their own state, and not their own pockets.

At the same time, the agreement with the EU will help the Ukrainian leaders to deal with their overwhelming problems - corruption, poor judicial system and administrative barriers to doing business that will bring Ukraine's economy out of the shadow that could double the their budget income and would attract large European and Russian business in promising Ukrainian market.

Many investors from the Middle East and Southeast Asia are already eager to Ukraine aiming to assess potentially promising areas for further cooperation and investment for business development in this country.

But as we see, not everyone is satisfied with economic development of Ukraine. Russia is a strategic partner of the European Union and Ukraine, but when it was necessary to contribute to the development of its partners, Ukraine was threatened by closure of trade borders, explaining that a flow of substandard products could rush from Ukraine after the creation of the Free Trade Area with the EU.

Russian argument was that low-cost, poor-quality European goods will be imported to Ukraine, remarked as Ukrainian product and further exported to the Russian Federation, but the gentlemen from trade and economic departments of Russia forgot that, the bulk quality of Ukrainian and European goods is usually far ahead Russian. Besides, Ukraine, under the terms of the Association Agreement have to do a tremendous job of improving certification and quality standards of its products, including dairy and confectionery, which quality is under control of Russian Federal Service for Consumers Rights Protection and Human Well-being.

However, could financial stability and welfare of Ukraine adversely affect Russia? The answer is obvious, Russia will only benefit: improved cooperation in strategic areas, for Russians would be easier to do business in Ukraine and in the future to open foreign markets, including European, Ukraine will be able to fully comply with their obligations under the gas contracts, which directly reflect on welfare of ordinary Russians.

After all, Ukraine has a huge potential for development and areas for Russian private investment also varied: the automotive industry, agriculture, and information technologies.

Keep in mind great prospects for Russian-Ukrainian cooperation in the field of aircraft and rocket engineering which suffer primarily from the prolonged conflict, and there are no benefits for the Russians and the Ukrainians.

Naturally, in the context of economic prosperity, much depends on the Ukrainians themselves, if each of them will look at where to earn money and pay taxes at the same time, Ukraine may become prosperous "Eastern European tiger" that only at the positive side could affect Russian-Ukrainian relations.

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.
 

Read News24’s Comments Policy

24.com 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
4 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Aurangzeb Thabethe
EFF and its tactics

The events inside the parliamentary corridors weeks ago must worry all of us.  Read more...

13 comments 548 views
Submitted by
Abioye Olufemi
The absolute way to take Christma...

As Christmas is coming soon, I am prompted to write this Christmas article for all of us here at News24. Read more...

3 comments 156 views
Submitted by
goldeelocks
Phiyega.....SAY WHAT?????

Clearly the Honourable Minister has abrogated the duty of the SAPS to protect the citizens of this country! What then is the purpose of the SAPS?  Read more...

9 comments 354 views
Submitted by
Paulus
Genealogy of Jesus, and the probl...

The new testament writers were so kind as to leave 2 genealogies of Jesus for us to peruse, both of his father. Read more...

77 comments 625 views
Submitted by
Lee Grandmaison
Everyone is entitled to their own...

"Everyone is entitled to their own opinion." If you've ever seen or been in a debate, on or offline, you've heard this phrase quite a bit. Read more...

42 comments 354 views
Submitted by
johan609
South Africa heading South

We need to speak up. We need to take a stand. We need to take action. Read more...

17 comments 1542 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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 24.com network.

Settings

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.