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For Ukraine, integration into the EU’s DSM is a tool for deepening its economic integration into the EU’s internal market, as well as facilitating the digitalization of Ukraine in accordance with European and international standards. It involves expansion of the mutual access to online markets and digital services, as well as Ukraine’s application of the EU’s common rules, standards and procedures in the digital sphere, including those concerning registration of electronic contracts, electronic payments and settlements, distribution of digital content, copyright registration, provision of cross-border digital services, protection of consumer rights on the internet etc.

This study quantifies the potential economic benefits of Ukraine’s integration into the EU’s DSM, which includes two main channels of influence – i. e. regulatory approximation in the digital sphere between Ukraine and the EU, which will reduce regulatory restrictions on digital trade between Ukraine and the EU, and acceleration of digital transformation in Ukraine.

 

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