Source Pravda.Ru

Ukraine gets market economy status

The European Union agreed Thursday to recognize Ukraine as a free market economy, a status the republic sought to gain an economic and political foothold in the bloc it wants to join.

The prized status, which still must be formalized, is a victory for President Viktor Yushchenko as well as for Ukrainian businesses seeking to trade with Western Europe, which have been hampered by anti-dumping rules. Prime Minister Yuriy Yekhanurov said formalities should be complete by January.

"The future of Ukraine is in Europe, and now we are building that future with concrete steps," European Commission President Jose Manuel Barroso said after a brief EU-Ukraine summit in Kiev.

British Prime Minister Tony Blair, whose country holds the rotating EU presidency, said the decision was the result of reforms that Ukraine has pushed through since last year's Orange Revolution mass protests.

"These processes of change are immensely difficult and it is always hard to meet every expectation that is raised, but I hope people in Ukraine are in no doubt ... about how differently Ukraine is viewed in the world," Blair said.

Blair said market economy status and closer relations are important.

"But the greatest importance is the symbolism of a newer and deeper and stronger relationship between the EU and Ukraine," he said.

Yushchenko came to power pledging to nudge this poor ex-Soviet nation closer to the West, but had received largely a lukewarm reception from the newly expanded European Union. The summit was the ninth between the European Union and Ukraine, and Yushchenko called it the most successful.

Among other benefits, market economy status allows Ukraine to defend itself against European accusations of illegally dumping products cheaply on the EU markets, which can result in costly punitive duties, the AP reports.

V.Y.

My article The True Judas discussed the theory that Judas's actions in betraying Jesus were motivated by a misunderstanding of Christ's mission and purpose.

America's judases, part two: Gladys Knight

The United Kingdom stands fatally divided between nations, regions, generations, on the edge of a critical fault line which threatens the future of the Union.

Brexit: UK caught between the past and the future

The United Kingdom stands fatally divided between nations, regions, generations, on the edge of a critical fault line which threatens the future of the Union.

Brexit: UK caught between the past and the future
Comments
Homosexuality and the Decline in American Values
Russian bomber crashes in Novgorod region
America's judases, part two: Gladys Knight
WaPo's Distorted Year in Review
Brexit: UK caught between the past and the future
Two Su-34 fighters touch wings in midair and crash into the sea in Russia's Far East
Dumped by the Trump that Americans Deserved
The Russians will soon wake up to lose two Kuril Islands to Japan
The Russians will soon wake up to lose two Kuril Islands to Japan
The scandal of skewed reporting
The scandal of skewed reporting
US Economic War on China
Russia's 2018: Confidence in Putin gone
Brexit: UK caught between the past and the future
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russia's Status-6 'doomsday weapon' nullifies all of American military projects
Russian 9-year-old boy sets new record for Guinness Book