Financial Times FT.com

Commission clears Ukraine for improved trade relations

By Daniel Dombey in Brussels

Published: November 8 2005 07:34 | Last updated: November 8 2005 07:34

The European Union is set to lower its defences against imports from Ukraine in a sign that Brussels is finally providing concrete help for Kiev after the Orange Revolution.

The European Commission has decided that Ukraine deserves the title of "market economy status" - a move that reduces Brussels' scope to levy hefty anti-dumping duties on Ukrainian imports. Such a classification has been one of Kiev's main objectives this year. The EU is Ukraine's biggest trading partner; annual bilateral trade stands at $22bn (€18.6bn, £12.6bn), ahead of the $20bn trade between Ukraine and Russia.

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