Status: Project Idea
The Trade for Development Fund and the bilateral project Promotion of a Supportive Framework for Trade in Ukraine are planning a project scoping in Ukraine together with the Alliance for 2019, after the country was proposed for a potential project at the third working meeting in Neutraubling.
In recent years, Ukraine has laid the foundation for greater integration of its domestic economy into international trade. Ukraine has been a member of the WTO since 2008, and has been part of the Deep and Comprehensive Free Trade Area with the EU since 2016. This opens up new opportunities for the country to strengthen foreign trade and thereby its own economy. The reform of the Ukrainian customs code has also provided momentum for Ukrainian trading partners.
Trade facilitation measures can further boost this strengthening process, and Ukraineâ€™s ratification of the TFA provides great potential. The country has requested support for implementation for over 45% of the agreementâ€™s provisions, opening up a variety of options for a potential Alliance project.
The Way Forward
The Trade for Development Fund and the Promotion of a Supportive Framework for Trade in Ukraine project plan to initiate the scoping process in 2019. A dialogue with relevant interest groups from the public and private sectors on their assessments of trade barriers and possible facilitations in Ukraine forms the possible basis for defining a project focus and drawing up a plan for the implementation of a reform project.
If you are interested in getting involved in the project, please contact the Allianceâ€™s Secretariat.