World Business News

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EU set for tariff liberalizing agreements with Eastern partners

Zone(s): EU, Georgia, Moldova, Ukraine ¦ Sector(s): Trade
[27 June 2014, Tax-News.com]  By Ulrika Lomas, Tax-News.com, Brussels: The European Union is set to ink new Association Agreements with Georgia, Moldova and Ukraine that will eventually eliminate tariff barriers to trade. The EU will sign the deals in their entirety with Georgia and Moldova on June 27, and is shortly due to complete the signature process with Ukraine. Each agreement will provide for a Deep and Comprehensive Free Trade Area, and will ensure the progressive removal of customs tariffs and quotas, and harmonize laws, norms and regulations in various trade-related sectors.

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