The establishment of FTA with the EU will provide a powerful impetus for the investments in Ukrainian economy, President Viktor Yanukovych said in the course of his opening speech at the plenary session of the Council of National and Foreign Investors on the topic "Investments in the Development of Economy and Social Sphere in Conditions of FTA with the EU," the press service of the head of state reports.

According to him, integration of Ukraine into the economic space of the EU will require further harmonization of fiscal systems.

"We will establish a tax space the rules of which will be comfortable and clear for European investors," Yanukovych said.

The head of state stressed that Ukraine planned to develop closer contacts with tax and customs services of the EU.

"It will provide an opportunity to reveal and combat smuggling, tax evasion and minimization of taxation more efficiently," the President noted.

Viktor Yanukovych emphasized that almost 80% of foreign investments in the Ukrainian economy had come from the EU. 

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