ANALYSIS OF THE IMPACT OF THE ASSOCIATION AGREEMENT ON A CERTAIN BRANCH OF THE ECONOMY AND COMMODITY MARKETS OF UKRAINE

Abstract

The Association Agreement with the EU is an important step for any country seeking to integrate into the European community. After all, the European Union has a huge influence on the world stage when it expresses a common position. The economic part of the Agreement with the EU to some extent covers the main areas and sectors of the economy and significantly brings the country's economic system closer to the EU economic system through mutual liberalization of goods, capital and services, and harmonization of much legislation with EU norms and practices. The agreement is a new format of relations aimed at creating a deep and comprehensive free trade area and the gradual integration of the country into the internal market of the European Union. The Deep and Comprehensive Free Trade Area is part of the Association Agreement between Ukraine and the European Union and one of the most ambitious bilateral agreements ever concluded by the European Union. It is a large-scale trade agreement aimed at reducing and abolishing tariffs applied by the parties to goods, liberalizing access to the services market, and bringing Ukrainian business rules and regulations into line with EU rules and regulations in order to ensure free movement of goods and services between the two parties and mutual non-discriminatory treatment of companies, goods and services in Ukraine and the EU. A deep and comprehensive free trade area will provide Ukraine with opportunities to modernize its trade relations and economic development. The tools for this are to open their markets by phasing out customs tariffs, providing dutyfree access under quotas, and large-scale harmonization of Ukrainian laws, norms and standards with those in force in the EU in various sectors directly or indirectly related to trade. This creates conditions for harmonization of Ukraine and EU standards in key areas.