WTO Welcomes Ukraine as a New Member

The General Council today paved the way for Ukraine’s membership in the WTO by approving its accession terms. Ukraine will have to ratify the deal by 4 July 2008 and would become a WTO member 30 days after the ratification.
“Ukraine’s WTO membership will strengthen the multilateral trading system and provide this country with a stable and predictable trade environment that will boost its growth and prosperity. I am particularly pleased to welcome to the WTO President Victor Yushchenko, whose personal commitment to his country’s accession was a major factor in the successful outcome to these negotiations.” declared Director-General Pascal Lamy.