It has been announced that progress was made in negotiations on a broad-based Free Trade Agreement between the European Free Trade Association states (Iceland, Norway, Liechtenstein and Switzerland) and Ukraine, in the third round of negotiations held on November 3-5, 2009, in Geneva.
During the round, substantial headway was made by all groups of experts, particularly in discussions on: trade in industrial and agricultural products; fish; technical barriers to trade; rules of origin; trade facilitation; trade in services; investment; competition; government procurement; and institutional provisions. Talks on intellectual property rights are thought to be close to conclusion.
Negotiations were first initiated in April 2009, when the parties decided, in light of the economic crisis, to develop economic ties with countries within their regional domain.
During the first round of negotations, Ukrainian Vice Prime Minister, Hryhoriy Nemyria and Minister of Economy, Bogdan Danylyshyn underlined the significance of launching free trade negotiations in the midst of the current world financial crisis and of their strong political will to avoid protectionist measures.
They highlighted the role of a strong and reliable partnership with the EFTA countries, and expressed the hope that the elimination of trade barriers would benefit their citizens and increase welfare. Trade is modest between both parties, amounting to just USD250m in 2007.
The fourth round of negotiations towards the accord are scheduled for February 2010, in Kiev.
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