Ukraine should not hurry to create a free trade area with the European Union, French Ambassador to Ukraine Jacques Faure told the Investhazeta.

The envoy said the creation of the free trade area with the European Union would pose risks to some industries of Ukraine´s economy. "If your country is not prepared for this, this can have essential impact on the country," he said. Ambassador Jacques Faure said the date of signing of the agreement depends on the effectiveness of the bilateral negotiations.

Earlier, President Viktor Yanukovych said he expected Kyiv and EU member states to introduce visa-free regime and a free trade area by March 2011.