The head of the negotiating delegations of Ukraine and the European Union initialed the text of the Association Agreement, which will be an integral part of the provisions on the establishment of a deep and comprehensive free trade area (FTA), according to a joint press release posted on the Ministry website of Ukraine.
Chief Negotiator for the FTA affirmed the achievements made December 22, 2011 an agreement on the content of the FTA and pledged to complete the legal review of the text, including technical annexes and protocols.
Both sides expressed their shared commitment to undertake further technical measures necessary to prepare for the signing of the Association Agreement.
Recall that in December during the 15th EU-Ukraine Summit, the leaders of Ukraine and the European Union have announced the completion of negotiations on the Association Agreement, the purpose of which is to move towards political association and economic integration between the EU and Ukraine. The agreement will replace the 1998 with the Agreement on Partnership and Cooperation Agreement as a legal basis for the relationship of the parties. After initialing the document has yet to be signed and ratified.