Tuesday 8 October 2013

Ukrainian Integration With The European Union: Economic Convergence Or Economic Collapse? - Forbes

Ukrainian Integration With The European Union: Economic Convergence Or Economic Collapse? - Forbes:

"The 10th  annual meeting of Yalta European Strategy (YES) was this past weekend in the gorgeous but sometimes surreal confines of the Livadia Palace (i.e. the same palace where Churchill, Stalin, and Roosevelt met in 1945 to determine the postwar fate of Europe). The event is organized by the charitable foundation of Ukrainian businessman and politician Viktor Pinchuk, and featured a bewildering array of politicians, diplomats, businessmen, journalists, and others. Attendees at this year’s conference included Shimon Peres, Tony Blair, Larry Summers, David Petraeus, and Bill and Hilary Clinton. It was quite the gathering.

But while the presence of A-list members of the global elite was definitely entertaining, there was some very serious business. Since 2008, Ukraine has been negotiating a Deep and Comprehensive Free Trade Agreement (DCFTA) with the European Union. I don’t want to get into the technical particulars, those who are curious are welcome to consult the previous link, but very basically the DCFTA is a treaty that would massively liberalize Ukraine’s trade regime with Europe."

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