Download прес-реліз - European Business Association

Європейська Бізнес Асоціація
1-й поверх, Андріївський узвіз, 1 A
Київ, 04070, Україна
Тел.: (044) 496 06 01
Факс: (044) 496 06 02
21 September, 2011
PRESS-RELEASE
DCFTA as a quantum leap towards EU-integration and a surge for investments flow
The European Business Association as a strong proponent of free trade area between the
European Union and Ukraine underlines its consistent commitment and support of conceivable
DCFTA signing.
DCFTA (deep and comprehensive free trade agreement) is a part of the EU Association Agreement
tailored to hone Ukraine’s trade policy environment and promote Ukraine’s integration into European market.
The concept of the DCFTA involves high level of regulatory convergence. Coupled with the credible internal
policy actions essential to complete the negotiation process, FTA agreement will serve as a powerful stimulus
for the overall country’s economy and eventually enhance the competitiveness and investment attractiveness of
Ukraine. All this puts a spotlight on the Ukrainian government’s fiscal policy, regulatory practices, and
implementation of reforms.
The European Business Association constantly streamlines its efforts and activities towards refining the
regulatory environment in Ukraine thus pushing for country’s growth. The EBA has outlined strategic vectors of
development vital to unlock Ukraine’s potential as a stable and reliable business environment. The set of
proposal and policy actions initiated by the Association has been already included into the Aide Memoire of the
recent meeting of Domestic and Foreign Investors Advisory Council (DFIAC).
Among the top-priority hurdles and challenges necessary to be tackled on the road to DCFTA finalising
the EBA regards the following: taxation system imperfections, violation of intellectual property rights (IPR),
imbalanced Technical regulations, excessive requirements and delays in customs clearance of goods,
monopolised land market, overwhelming bureaucracy and rule of law neglecting. The solutions tailored by the
EBA have been elaborated in accordance to the most efficient European practices of doing business and adapted
to Ukrainian environment. The set of proposals has been already submitted to the European Commission and
Ukrainian Government.
The potential signing of the DCFTA encouraged by a stable negotiation process will not only restore the
country’s economic growth and boost export potential in the near-term, but also help rebalance the economy and
offset further weakness of the country’s trade balance in the long-term. The eventual success of the negotiation
process depends largely on how effectively the structural and regulatory reforms are carried out by the
Ukrainian Government.
Anna Derevyanko, EBA Executive Director:
“Ukraine’s integration and trade consolidation with the European Union has always been a firstpriority objective of the business community represented by the EBA. We pin hopes at the DCFTA signing in the
near-term, as this document will bring multiplier effect and soar country’s attractiveness for further European
investments and serve as a prerequisite to promote the reform-oriented policy of Ukrainian government
stakeholders.
If the DCFTA negotiations toe the stable line, entering EU-Ukraine free trade area will refine Ukraine’s
exports potential and trade environment, harmonise overall business governance and install the essentials of
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EU regulatory framework. Signing DCFTA will surge the balance of payments and fetch premium for current
and future investors into Ukrainian economy.”
Thomas Fiala, Chief Executive Officer, Dragon Capital, EBA President:
“The EBA along with the majority of Ukrainian population strongly supports further integration with
the EU. Signing of the Association Agreement and the DCFTA is important to accelerate Ukraine’s development
as a democracy and free market economy. Synchronizing domestic legislation, rules and regulations with those
of the EU will be positive for business, increase domestic and international investment and boost growth.
Ukraine has come very close this time and we trust the chance will not be missed.”
For additional comments please contact Maria Savchenko EBA PR and Communications
manager by telephone: +38 (044) 496-06-01, +38 (067) 215-81-95, or by e-mail:
[email protected]
INFORMATION:
European Business Association (EBA) - the premier organisation for foreign business in Ukraine - brings
together over 800 European, Ukrainian and international companies. The EBA was established in 1999 as a
forum for discussion and resolution of problems facing the private sector in Ukraine. This initiative of business
people was supported by the European Commission. Being a non-profit Association of legal entities, the EBA
sees its core mission as representing the interests of European and domestic investors in Ukraine, and
improving the investment climate has been the EBA’s major concern since the moment it was founded.
Please visit our web-site for additional information www.eba.com.ua.
The priority tasks of the EBA in 2011 are: reducing obstacles for investment, support for different instruments
promoting economic integration with the EU and facilitating positioning of Ukraine as a country attractive for
investment and business partnership.