EU To Cut Tariffs On Ukrainian Exports

The European Union (EU) is to temporarily cut tariffs on Ukrainian exports until November 1, 2014. The EU said that it hopes in the meantime to sign the Deep and Comprehensive Free Trade Area (DCFTA) agreement with Ukraine.

The College of Commissioners has agreed to a package put forward by Trade Commissioner Karel de Gucht, which will see the EU open its doors to exports from Ukraine.

Announcing the package, de Gucht said that if the (DCFTA) is not reached, the EU could prolong the use of the temporary tariff breaks past November 1.