This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EU Commissioner Welcomes Ukraine's Cooperation Not Membership In Customs Union

KYIV, Ukraine, February 6, 2013 /PRNewswire/ --

Ukraine is welcome to cooperate with the Customs Union on issues which do not contradict the terms and conditions of the Association Agreement, said the European Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle. Membership in the CU, however, deprives a member state of its sovereignty, sovereign right in its foreign trade policy, he added. Nevertheless, there is no doubt that it is in Brussels' and Kyiv's best interest to keep good relations with its neighbors including Moscow, stressed Füle.

In his statement the EU commissioner noted that it in order to be sure that such cooperation is fully compatible with the Association Agreement intensive counseling is required.  

The EU cannot make any commitments under the Association Agreement with a country that does not have a sovereign right, and whose decision on its foreign trade policy does not belong to her, said Štefan Füle. "We cannot enter into a relationship with Ukraine, knowing that the decision is made by someone somewhere else," - stated the European official, reports Interfax-Ukraine.

Reportedly, on December 24, 2012, the Prime Minister of Ukraine Mykola Azarov said that it was possible to find a compromise on cooperation between Ukraine, the European Union and the Customs Union. Subsequently, the European Commission announced that Ukraine's rapprochement with the Customs Union and the EU-Ukraine Association Agreement are incompatible.

Suffice it to say, that Russia has long been offering Ukraine to join the Customs Union, promising cheaper gas among other things. Ukraine, however, is willing to collaborate with the Customs Union without joining it in any format - "3 +1", gradual accession, etc.

Earlier, President Yanukovych rejected Russia's offer of cheaper gas in return for closer economic and political cooperation with the neighboring countries stressing that Kyiv stayed committed to European integration.

Currently, the AA is undergoing the translation process, as it was initialed by the parties in 2012. The document comprises of two sections: one regulating political association issues (political dialogue, reform, association and cooperation in the field of foreign and security policy) and one concerning economic integration (regulates competition, customs, energy, intellectual property, public procurement, services, and sustainable development), namely creating the Deep and Comprehensive Free Trade Area.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs