Next AFET committee meeting will be held on:
Written by Györgyi Mácsai and Nadejda Kresnichka-Nikolchova, Members’ Research Service (EPRS) with Raffaele Ventura, GlobalStat, EUI.
This infographic provides insight into the economic performance of Ukraine compared with the European Union (EU) and examines the trade dynamics between them. In 2024, Ukraine experienced an economic growth rate of 3.5%, while the EU-27 recorded a growth rate of only 1.1%. Both regions continue to see declining inflation rates. However, increasing exchange rate of the Ukrainian hryvnia reveals a weakening currency, alongside a rise in the country’s public net debt, which has climbed to 89.8%. The EU-27 is Ukraine’s primary trading partner, accounting for 53.6% of its trade share, with Poland being the leading country with trade value €17.8 billion. In 2024, while overall EU exports are on the rise, imports from Ukraine to the EU are experiencing a declining trend.
Read this ‘infographic’ on ‘Ukraine: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.
GDP growthThe hearing will allow Members to take stock of the results so far, and to provide guidance for future implementation. The hearing's takes will contribute to the ongoing work in AFET and DEVE on an own-initiative report on Global Gateway, which will also address the governance structure, the geopolitical considerations of the approach, as well as the emerging relation with the EU's development cooperation. The own initiative report is expected to be presented on 20 November, the vote in Plenary is planned for March 2026.