The European Commission expects a Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the European Union to start working in 2014 - immediately after the Association Agreement is ratified by the European Parliament and the Verkhovna Rada, EU Trade Spokesman John Clancy told Ukrinform in Brussels on Friday.
"If the signing takes place in Vilnius, then part of the Association Agreement, which deals with a Deep and Comprehensive Free Trade Area, can come into force in 2014 - right after the sides ratify it and inform each other of the completion of the procedure," the European Commission said. The office of the European Commissioner for Trade noted that the EU is seeking to sign the Association Agreement with Ukraine on November 29 at a summit in Vilnius. "This agreement contains certain provisions, especially as referred to a Deep and Comprehensive Free Trade Area, which can enter into force after it is ratified by the Ukrainian Parliament and the European Parliament. Thus, as evidenced by the standard practice, the entry into force of the Deep and Comprehensive Free Trade area is expected after the signing of the agreement in Vilnius - once the two parliaments give the go-ahead to it," the European Commission representative said. The EU-Ukraine Association Agreement will enter into force in its entirety after the ratification by the national parliaments of all 28 EU member states, which can last for several years.