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Ukraine Signs Trade Pact with EU

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The government of the Ukraine has signed a historic trade pact with the European Union. The announcement was made on June 27th, at a signing ceremony in Brussels.

Russia has worked for months to prevent Kiev from forging tighter bonds with western nations.

A similar agreement was rejected by then-president Viktor Yanukovych. That decision sparked widespread protests that led to the overthrow of the Ukrainian government.

A top Russian diplomat warned Ukraine there would be “serious consequences” for signing the agreement.

Exports from the 28-member European Union will now be free of tariffs when sent to the former Soviet country. In exchange, the government of Kiev will work to bring national standards for consumer goods up to European standards.

In April, pro-Russian separatists took control of government buildings in eastern Ukraine. Since that time, dozens of gunmen and hundreds of citizens of that European nation have died in skirmishes.

Ukrainian President Petro Poroshenko called the signing “the most important day for my country after independence day.”

He called for assurances from the EU that his country would, one day, be considered for full membership in the union.

In addition to the Ukraine, the former Soviet republics of Moldova and Georgia also signed similar agreements.

In response to the agreement, Moscow stated it would raise tariffs on goods imported from the trio of nations. Russia previously banned wine from Moldova and Putin ordered natural gas supplies to Ukraine shut off.

Ukraine has a population of almost 46 million people, more than all but five nations of the E.U. Full membership in the bloc would mean opening European labor markets to the population of that nation.

http://www.washingtonpost.com/world/ukraine-signs-landmark-agreement-with-eu/

2014/06/27/8e6ca59a-fdd2-11e3-932c-0a55b81f48ce_story.html

http://www.cnn.com/2014/06/27/world/europe/ukraine-crisis

http://en.interfax.com.ua/news/general/211261.html

http://en.ria.ru/world/20140627/190731028/Rompuy-Promises-Visa-Free-Regime-to-

Ukraine-Georgia.html

http://www.nytimes.com/2014/06/28/world/europe/ukraine-signs-trade-agreement-with-

european-union.html



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