ECONOMIC COOPERATION BETWEEN UKRAINE AND EUROPEAN UNION

Economic cooperation between Ukraine and European Union



Economic cooperation between Ukraine and European Union

Introduction

The newly elected Ukrainian President Viktor Yushchenko now has the tough decision in the next few years of either renewing a Common Economic Space (CES) agreement with Russia, Belarus and Kazakhstan or join the European Union (EU), which would make the Ukraine have a closer tie with the West and break away from the authoritarian and imperialist tie with Russia. To better under how the CES accord started, I must explain a little about the Ukraine and its history, post cold war; became an independent and democratic sovereign state in 1991. Then signing an agreement to join the Commonwealth of Independent States (CIS), former soviet republics, and finally the accord on Common Economic Space (CES).

Economic cooperation between Ukraine and European Union

The question of democracy and liberal ideals has been quite a stir in Eastern Europe, particularly in the Ukraine, in recent months. The Ukraine, a former Soviet Republic and part of the Commonwealth of Independent States (CIS) now has a newly elected liberal-minded President Viktor Yushenchenko. Mr. Yushenchenko in under pressure from its neighboring country Russia, whether he will sign a renewed accord of the Common Economic Space (CES) or decide to join the European Union (EU).

After the cold war in 1989 and the collapse of the Soviet-Union, the Ukraine became an independent state in 1991. It joined the Commonwealth of Independent States (CIS) in December 1991, and in September 2003, Ukraine signed an Agreement on a Common Economic Space (CES) with Belarus, Kazakhstan and Russia.

When the Ukraine became an independent state, it started the process to become a democratic society. In December 1991, the Ukraine became part of the Commonwealth of Independent States (CIS). Eleven independent states of Armenia, Azerbaijan, Belarus, ...