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Ukraine will find significant economic benefits after concluding the Association Agreement and creating a comprehensive free trade area with the European Union, Prime Minister of Ukraine Mykola Azarov said at the IV International Black Sea Economic Forum in Yalta, the press service of the Cabinet reports.
"Economic advantages from creation of a free trade area with the EU in perspective for Ukraine are evident," Azarov said.
He reminded that after the signing of the Association Agreement and creation of FTA the European Union would practically remove import duties from almost 97% commodity items.
However, according to the Prime Minister, Ukraine preserves certain level of protection which is to act during five years of the transition period.