Ambrosio Spinola
12-01-2005, 09:55 AM
The EU on the move again.
http://www.cnn.com/2005/BUSINESS/12/01/ukraine.eu.reut/
KIEV, Ukraine (Reuters) -- The European Union said on Thursday it will recognize Ukraine as a market economy in a move that will help ease the ex-Soviet state's integration to the West and improve trading relations.
British Prime Minister Tony Blair and EU Commission President Jose Manuel Barroso praised the country's new liberal administration and said the EU granted Ukraine market-economy status.
Both are in Kiev for Ukraine-EU summit which was hailed by Ukrainian President Viktor Yushchenko as a success.
"It is the most successful summit from all nine Ukraine-EU summits that we have had because we have achieved concrete results," Yushchenko told a news conference.
"A change in status will result in a change in our relations, including the policy on anti-dumping investigations, tariff payments."
Ukraine has been seeking coveted market economy status to boost its trade relations with the wealthy 25-member bloc which it has bordered since the EU's eastward expansion last May.
The former Soviet state sees the status as vital to allowing Ukrainian steel producers, major exporters and key drivers behind the country's economic growth, to avoid anti-dumping measures against competitive goods.
The EU is Ukraine's largest trade partner, with a turnover of $22 billion per year overtaking its $20 billion annual trade with Russia
http://www.cnn.com/2005/BUSINESS/12/01/ukraine.eu.reut/
KIEV, Ukraine (Reuters) -- The European Union said on Thursday it will recognize Ukraine as a market economy in a move that will help ease the ex-Soviet state's integration to the West and improve trading relations.
British Prime Minister Tony Blair and EU Commission President Jose Manuel Barroso praised the country's new liberal administration and said the EU granted Ukraine market-economy status.
Both are in Kiev for Ukraine-EU summit which was hailed by Ukrainian President Viktor Yushchenko as a success.
"It is the most successful summit from all nine Ukraine-EU summits that we have had because we have achieved concrete results," Yushchenko told a news conference.
"A change in status will result in a change in our relations, including the policy on anti-dumping investigations, tariff payments."
Ukraine has been seeking coveted market economy status to boost its trade relations with the wealthy 25-member bloc which it has bordered since the EU's eastward expansion last May.
The former Soviet state sees the status as vital to allowing Ukrainian steel producers, major exporters and key drivers behind the country's economic growth, to avoid anti-dumping measures against competitive goods.
The EU is Ukraine's largest trade partner, with a turnover of $22 billion per year overtaking its $20 billion annual trade with Russia