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On May 16th, Ukraine became the 152nd member of the World Trade Organization (WTO). The negotiations for Ukraine's accession to the WTO had lasted for almost 15 years. During that period, Ukraine introduced a number of structural and economic reforms, underwent transition from planned to market economy, signed 52 bilateral agreements with WTO members, and adopted more than 50 legislation acts required for WTO membership. The most significant breakthrough in the negotiation process was achieved during 2005-2007, when Ukraine received market economy status from the EU and the US and finalized negotiations with the major WTO members.
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