It was announced earlier this week that Ukraine has officially informed the WTO of its acceptance of its membership agreement.
Ukraine's membership will be effective 30 days after the acceptance of its membership terms.
Ukraine will therefore become the WTO’s 152th member on 16th May 2008.
On 5th February 2008, the General Council had approved Ukraine's accession package which spelled out the terms of Ukraine’s accession, giving Ukraine until 4th July to ratify its accession package.
Earlier this year, Ukraine's Deputy Minister of Economy revealed that the negotiations had not been simple, and explained that Ukraine had been obliged to overcome many complicated obstacles. He stated, however, that Ukraine's membership would make trade ties closer and economically beneficial for all.
WTO members agreed that Ukraine's accession would strengthen the multilateral trading system, and expressed appreciation for the great efforts accomplished by Ukraine to finalise the negotiations.
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