EFTA-Ukraine free trade agreement enters into force

Published 23-05-2012
Following ratification by all Parties, the free trade agreement between the EFTA States (Iceland, Liechtenstein, Norway and Switzerland) and Ukraine will become effective on 1 June 2012.

The agreement between the two sides was signed in Reykjavik, Iceland on 24 June 2010. It has a broad coverage including trade in goods and services, investment, trade facilitation, competition, protection of intellectual property rights and government procurement.

Bilateral merchandise trade between EFTA and Ukraine amounted to USD 1.2 billion in 2011, following an average annual growth of 19% over the last ten years. Ukraine is EFTA’s second most important export destination in Europe outside the EU, with fish and pharmaceutical products as main export categories. EFTA's top imports from Ukraine currently are inorganic chemicals.

The free trade agreement will provide new opportunities to economic operators of the EFTA States and Ukraine and will further enhance trade and investment relations between the two sides. 

The EFTA States now have 24 free trade agreements covering 33 partner countries outside the European Union.

For more information please visit the EFTA website on free trade.