The European Union encourage development and regional cooperation in the South East Europe
region through the Black Sea Synergy. Recently has seen the fast development of International trade relations between the European Union and the Organisation of the Black Sea Economic Cooperation (BSEC).
Black Sea countries: Armenia,
(South Caucasus), Moldova,
Turkey and Ukraine.
Ukraine is a preference partner (European Neighbourhood
Policy ENP). The Partnership and cooperation Agreement (PCA)
(1998) is a framework for bilateral cooperation between the European Union and Ukraine.
Negotiations of a Deep and exhaustive Free Trade Area could be
The European Union is one of the biggest trade partners of Ukraine
(33% of foreign trade). In 2008 Ukraine was the 17th biggest trade partner
of the European Union and the 14th biggest
The European Union is the biggest
trade partner of Ukraine (27% of total exports and 34% of
imports in 2008).
Example of the course Black Sea Synergy (European Union):
Moldova is a partner nation within the European Neighborhood Policy
(ENP). The European Union and Moldova intend to set up a Deep and exhaustive Free Trade Area (DCFTA)..
Bilateral trade in products European Union - Moldova
- European Union product exports to Moldova 2009: EUR1.1billion
- European Union products imports from Moldova 2009: EUR523 million