Analysis of the draft law:
Analysis of the Draft Law of Ukraine “On Ratification of the Comprehensive Economic Partnership Agreement between the Government of Ukraine and the Government of the United Arab Emirates”
Essence of the draft law
The draft law provides for the ratification of the Comprehensive Economic Partnership Agreement between Ukraine and the United Arab Emirates (UAE). Ratification means giving legal force to an international agreement on the territory of Ukraine. The law defines the date of the agreement, the place of its signing, and the conditions for its entry into force. The draft also contains a statement on the non-application of the agreement to the temporarily occupied territories of Ukraine until full control over them is restored.
Structure and main provisions of the draft law
The draft law consists of:
- Preamble: Indicates the body adopting the law – the Verkhovna Rada of Ukraine.
- Main part: Contains provisions on the ratification of the Agreement, indicates the date and place of its signing (February 17, 2025, Abu Dhabi) and the conditions for its entry into force (60 days after the exchange of diplomatic notes on the completion of internal procedures, unless otherwise agreed).
- Statements: Contains a reservation on the non-application of the Agreement to territories under foreign occupation until Ukraine restores full control over them.
- Final provisions: Absent in the presented version, but the final version may contain instructions on the entry into force of this law.
Main provisions and their importance
The main provisions that
may be important for various stakeholders:
- For legislators:
- Ensuring a legal framework for deepening economic cooperation with the UAE.
- Defining clear conditions for the entry into force of the Agreement.
- Consolidating Ukraine’s position regarding temporarily occupied territories in the context of international agreements.
- For experts:
- The need to analyze the provisions of the Comprehensive Economic Partnership Agreement itself to assess potential economic, political, and social consequences.
- Studying the impact of the Agreement on various sectors of the Ukrainian economy.
- Assessing the Agreement’s compliance with the strategic goals of Ukraine’s foreign policy.
- For business:
- Opening new opportunities for the export of Ukrainian products to the UAE market.
- Attracting investment from the UAE into the Ukrainian economy.
- Simplifying trade procedures and removing barriers to bilateral trade.
- For citizens:
- Creating new jobs through the development of economic ties with the UAE.
- Increasing revenues to the state budget, which may positively impact social programs.
- Expanding the choice of goods and services on the Ukrainian market.
Important changes
The draft law contains a statement on the non-application of the agreement to territories that are an integral part of the territory of Ukraine, but remain under foreign occupation until Ukraine restores full and effective control over them.
