The agreement between the European Union and Ukraine regarding the creation of the free trade area has been in force since January 1st, 2016.

The free trade area means that there is going to be an abolishment of customs duties for the majority of imported goods, as well as significant simplification of customs procedures within the trade between both sides. Thus, since January 1st, 2016 the 0 % rate is applied for 70 percent of products of European origin which are imported to Ukraine. For the rest of the products there is either a transition period or a regime of limitation.
 
The 0 % rate is applied to the following products:
 
  • industrial goods
  • agricultural products
  • goods of processing and food industry
 
The liberalization of tariffs will be made 
  • within 3 years for certain types of fish, shoes, pipes 
  • within 5 years for telephone and radio devices, cameras lenses, etc.
  • within 7 years for video recording devices, motorized vehicles, fertilizers
The introduction of the free trade area is supposed to encourage the access of the Ukrainians to European goods, as well as stimulate a decrease in prices on the internal market.