Business news from Ukraine

POROSHENKO: 24 EU COUNTRIES FULLY RATIFY UKRAINE-EU ASSOCIATION AGREEMENT

17 September , 2015  

KIYV. Sept 17 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko has said that 24 countries-members of the European Union (EU) have finished the process of ratification of the Ukraine-EU Association Agreement.

“In a year that passed after signing the Ukraine-EU Association Agreement 24 states have fully completed the ratification process, despite [the fact] that it was said that it would take over three years to do this,” said on his Facebook page.

Poroshenko said that the agreement on the Deep and Comprehensive Free Trade Area (DCFTA) with the EU would take effect from January 1, 2016.

“No postponement is [being] discussed!” he added.

Poroshenko’s post includes a map which states that Belgium and the Czech Republic have started the ratification process, but have not yet completed it, and that Greece and Cyprus have not ratified the agreement.

All 28 countries-members of the EU must ratify the agreement for it to take effect.