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| EFTA-Ukraine FTA Discussions Progress |
by Ulrika Lomas, Tax-News.com, Brussels
Monday, November 09, 2009
It has been announced that progress was made in negotiations on a broad-based
Free Trade Agreement between the European Free Trade Association states (Iceland,
Norway, Liechtenstein and Switzerland) and Ukraine, in the third round of negotiations
held on November 3-5, 2009, in Geneva.
During the round, substantial headway was made by all groups of experts, particularly
in discussions on: trade in industrial and agricultural products; fish; technical barriers
to trade; rules of origin; trade facilitation; trade in services; investment;
competition; government procurement; and institutional provisions. Talks
on intellectual property rights are thought to be close to conclusion.
Negotiations were first initiated in April 2009, when the parties decided,
in light of the economic crisis, to develop economic ties with countries within
their regional domain.
During the first round of negotations, Ukrainian Vice Prime Minister, Hryhoriy
Nemyria and Minister of Economy, Bogdan Danylyshyn underlined the significance
of launching free trade negotiations in the midst of the current world financial
crisis and of their strong political will to avoid protectionist measures.
They
highlighted the role of a strong and reliable partnership with the EFTA countries,
and expressed the hope that the elimination of trade barriers would benefit
their citizens and increase welfare. Trade is modest between both parties, amounting
to just USD250m in 2007.
The fourth round of negotiations towards the accord are scheduled for February
2010, in Kiev.
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