The free trade agreement between Ukraine and the EFTA states (Switzerland, Norway, Iceland and Liechtenstein) was signed in Reykjavik, Iceland, on 24 June 2010; ratified by Ukraine`s Law 4091-VI of 7 December 2011 and came into force on 1 June 2012. This agreement covers trade in goods (industrial, agricultural, fish and sea production), services and dispute resolution. Given the difference between the levels of economic and social development between Ukraine and EFTA member states, the agreement is the principle of the parties` asymmetric commitments, which allow Ukraine to adapt its trade with EFTA countries to free trade conditions. Ukrainian President Viktor Yanukovych reaffirmed his commitment to the agreement in his annual speech on Ukraine`s Independence Day on 24 August and called it an incentive for Ukraine to become a modern European state. In the same speech, he also called for the preservation and deepening of relations”…, the united Russia, countries of the Eurasian community, other world leaders and new centers of economic development.  Pro-European Ukrainian opposition politicians said that Russia`s action was in line with a leaked document that set out a Russian government strategy to rob Belarus, Kazakhstan and Russia`s customs union of Ukraine and prevent further association with Euro-Atlantic structures. The 14-language document lists efforts to promote pro-Russian rhetoric in the media dominated by anti-Russian views, to punish pro-European entrepreneurs, tv moguls and Ukrainian politicians, to elect pro-Russian Viktor Medvedchuk as president in 2015, and then to clean up pro-European officials. In this context, there is also reference to cooperation with Belarus and Kazakhstan.   Experts who commented on the leaked document argued that Medvedchuk had no chance of winning the 2015 presidential elections and could not seriously disrupt the signing of the association agreement.   The FTA`s conclusion provides for the creation of favourable conditions for trade development and economic cooperation with certain states or groups of states and is therefore an effective instrument for increasing the volume of Ukrainian exports by liberalizing access to goods and services in foreign markets. The introduction of a free trade regime with prospects for trading and economic partners allows Ukraine to diversify the long-term geography and range of domestic export production as a result of the liberalisation of market accession conditions.
The agreement aims to reduce technical buyers to trade. The agreement aims to integrate Ukraine into the European market for services and e-commerce as much as possible.