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Ukraine is the largest country in Europe (after European part of Russia). Ukraine is a country with more than a thousand years of history and traditions that originate in antiquity.
Ukraine is member to numerous world and regional international bodies, including United Nations (UN), OSCE, the Council of Europe, EU Energy Community, the GUAM and the Commonwealth of Independent States (CIS). The country is currently taking steps to accede to EU and NATO, and has special partnership with both organizations.
Ukraine obtained a market economy status from both the USA and the EU and has also joined the World Trade Organization (WTO). Foreign direct investment (FDI) has continued to flow in, although in a relatively low volume.
On 27 June 2014, the EU-Ukraine Association Agreement was signed by European Union Heads of State and Government and Ukrainian President Petro Poroshenko in Brussels. The key parts focus on support to core reforms, economic recovery and growth, and governance and sector cooperation in areas such as energy, transport and environment protection, industrial cooperation, social development and protection, equal rights, consumer protection, education, youth, and cultural cooperation. Also it includes a Deep and Comprehensive Free Trade Area with EU – this will go further than classic free trade areas, as it will both open up markets but also address competitiveness issues and the steps needed to meet EU standards and trade on EU markets.