Trade with Ukraine is 10 times more profitable for the EU than for Kyiv.
RT compares annual growth rates and declares that “the free trade zone is 10 times more profitable for the EU”. The EU’s statistics body Eurostat shows that exports have grown both from Ukraine to the EU and from the EU to Ukraine. The EU is a block of 28 countries and a much larger market than Ukraine hence comparing the two is futile and statistically does not make sense. The Ukraine-EU Association and Free Trade Agreement went into effect January 1, 2016; Ukraine’s GDP for 2016 grew at 1.5%. In 2015 Ukraine’s exports to the EU were in the minus (-6.5%), after the Association agreement went into effect Ukrainian exports to the EU grew by 2%. EU exports to Ukraine rose to 17% in 2016.bit.ly/2n2U8tZ, , bit.ly/2mmzEJh,