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01-07-2009 16:42 Ukraine, EU launch 7th round of talks on creation of free trade zone
Ukraine's Economy Minister Bohdan Danylyshyn has opened the 7th round of talks between Ukraine and the European Union on the creation of a free trade zone, the economy ministry press service reported.
He pointed out that the holding of official talks has a complex character. “The purpose of creating a free trade zone is to form an effective common economic space of Ukraine and the EU through gradual implementation of four freedoms - free traffic of goods, services, capital and workforce,” he emphasized. In this context, Danylyshyn pointed out the importance of reaching compromise positions within the framework of formulating an optimal model of mutual relations. According to the analysis of indicators of foreign trade in goods and services of Ukraine in the first quarter of 2009, the European Union was Ukraine's biggest foreign trade partner, accounting for 29.75% of the total foreign trade turnover.
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