In his radio address to the nation, President of Ukaine Victor Yushchenko commented on this week’s resolution of EU leaders to recognize Ukraine as a market economy: “Each enterprise and each worker will benefit from this new status of our country. This is an additional stimulus to produce more goods and a chance to increase our profits and public revenues and to create more jobs.”

The President said our new status was an important tool for the government to protect national business.

“Such industrial regions as Donbass and Dnipropetrovsk, where metallurgical and chemical plants are located, will feel its positive effect first. Producers of sugar and textiles will also feel it. The whole Ukraine will feel it,” he stressed, adding that because of anti-dumping investigations our manufacturers of rolled metal, pipes, sugar and chemicals annually lost about USD 600 million.

The Head of State also noted that this resolution was a significant signal for Ukrainian business.

“Each enterprise that exports its produce will no longer be treated as a second-rate partner among western industrial giants,” he said. “Ukrainian producers have been recognized as equals. Their rights are not different from rights of German, French, or British companies.”


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