KIEV (Sputnik) – The European market is still closed for Ukraine as the quotas for EU duty free import of Ukrainian goods are very low, the Ukrainian politician noted.
"It is time to admit that operates in the interests of only one party – the European Union. And for Ukraine the result of signing the free trade area is a collapse of the industry, deepening systemic economic crisis and the cheerless prospect of turning into an EU raw materials appendage instead of promises expansion to the ‘large and high-potential’ European market," Medvedchuk wrote in his blog.
In 2014, the European Union signed an agreement with Ukraine to deepen political association and economic integration. Ukraine had to implement a series of political and economic reforms to gain free-trade access to the EU market.