Business news from Ukraine

MAJORITY OF EU STATES RATIFY UKRAINE-EU ASSOCIATION AGREEMENT IN A YEAR – POROSHENKO

7 July , 2015  

KYIV. July 6 (Interfax-Ukraine) – Twenty-one out of the 28 member states of the European Union have already ratified the Ukraine-EU Association Agreement and four countries have launched ratification procedures, Ukrainian President Petro Poroshenko has said.

“Although it was previously supposed that the whole process would take more than three years, today, a year later, 21 of 28 EU countries have already completed the process of ratification and four countries are currently implementing this process,” Poroshenko said before talks with President of the European Parliament Martin Schulz in Kyiv.

The president stressed the importance of the synchronous ratification of this document by the Verkhovna Rada and the European Parliament a year ago.

“This step has significantly accelerated the procedure of ratification of the Association Agreement with EU states,” Poroshenko said.

In turn, Schulz said that the initiative on the joint ratification of the Association Agreement between Ukraine and the EU was down to Poroshenko.

“It is the only occasion of such large-scale synchronous ratification in history,” he added.