The article considers the scope of «conditionality» and «approximation» of laws provisions in the EU-Ukraine Association Agreement that is the most voluminous and ambitious among all EU association agreements with third countries. There are many novelties introduced to this agreement. Most prominent of them are strong emphasis on comprehensive regulatory convergence between the EU and Ukraine and possibility for application of the EU acquis within the Ukrainian legal order. The process of effective implementation of the Association Agreement will constitute the greatest challenge for Ukraine. It has to prove their adherence to the EU’s common democratic and economic values, and ensure the proper functioning of their deep and comprehensive free trade areas.

The EU-Ukraine Association Agreement introduces two dimensions of the conditionality policy towards Ukraine. One dimension is the «common values» conditionality; another dimension is the «market opening» conditionality. Both of them bear revolutionary features which are new for the contemporary history of the EU external relations.