Ukraine is undergoing a process of reforming its legislation and aligning it with EU law in multiple spheres, including food safety law. The EU-Ukraine Association Agreement has become the key catalyst of the reform, as it stipulates a complex program for approximation of the Ukrainian legislation with the European one. In this article we review the EU-Ukraine Association Agreement from the perspective of its influence on the business relations between the parties, the steps that have been taken in Ukraine in order to reform its food safety legislation and improve the business climate, as well as the further steps that are planned to be taken in the near future.