As Ukraine continues to deepen ties with the EU, fresh figures just out show that in the first eight months of 2017 exports to the EU have grown by close to a billion dollars compared to last year! The export volume now stands at $3.6 billion, and so a 37.3% increase is a remarkable achievement for the country’s reorienting economy.
Ukraine’s low-cost manufacturing base (where labour is cheaper than in China) coupled with the relative wealth of EU consumers looks like a match made in heaven. If only this EU Association Agreement and Deep and Comprehensive Free Trade Agreement could have kicked in sooner, eh? It’s starting to look like a no-brainer for all involved. Hurrah! We love good news!