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  • 13.01.2011

    Costs and Benefits of FTA between Ukraine and the European Union

    ISBN: 978-966-2141-57-3

    This study examines modern state of economic relations between Ukraine and the EU, describes current negotiations on a deep and comprehensive free trade area. Special attention is paid to the costs and benefits of implementation of EU’s acquis communautaire in the field of corporate law and competition policy, liberalization of capital flows, regulation of financial intermediation and harmonization of environmental standards. Comparative analysis of certain free trade agreements with EU participation is an important part of the study.

     

    TABLE OF CONTENTS

    FOREWORD 3
    LIST OF ABBREVIATIONS 7
    ACKNOWLEDGEMENTS 8
    1. INTRODUCTION 9
    2. CURRENT UKRAINE-EU ECONOMIC RELATIONS: BRIEF OVERVIEW 11
       2.1. Trade in goods and services, and capital mobility 11
       2.2. Personal mobility 15
    3. CURRENT EU-UKRAINE TRADE REGIME AND ONGOING FTA NEGOTIATION 18
       3.1. Trade regime 18
       3.2. Ongoing EU-Ukraine FTA negotiations 20
    4. STOCK TAKING ON IMPLEMENTATION OF EXISTING TRADE-RELATED COMMITMETS 23
       4.1. Brief overview of Ukraine’s WTO commitments 23
       4.2. Brief overview of Ukraine’s progress in the implementation of the European Neighbourhood Policy 27
    5. COSTS AND BENEFITS OF HARMONIZING ACROSS THE CHAPTERS OF THE ACQUIS 32
       5.1. FTA: ‘menu of options’ for Ukraine 33
       5.2. Costs and benefits of the implementation of company law 37
       5.3. Costs and benefits of the implementation of competition policies 45
       5.4. Costs and benefits of capital flows libarelisation 53
       5.5. Costs and benefits of financial intermediation integration (implementation of Basel II) 59
       5.6. Costs and benefits of harmonisation across environmental standards 63
    6. HOW CAN A TYPICAL AGREEMENT WITH THE EU BE IMPROVED UPON 71
       6.1. Concise overview of economic/trade areas offered by the EU in typical FTA 71
       6.2. How can the typical agreement be improved to fit Ukraine’s interests 75
    CONCLUSIONS 77
    REFERENCES 79
    ANNEX A 83
    Attached file  (711.3 kb)
    Research spheres:  International relations
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