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, 2012,04:03


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News / 8 March 2010 | 17:00

Ukraine may join Unified Economic Space on WTO terms - Yanukovych


Ukraine will join the Unified Economic Space of Russia, Belarus and Kazakhstan only on the conditions of the World Trade Organization, President Viktor Yanukovych said on Saturday, according to RIA Novosti.

"We have fallen far behind in this process [the creation of the economic space]," Yanukovych said in an interview with Russia's Vesti TV channel.

In December 2009, the presidents of Russia, Belarus and Kazakhstan agreed to create a single economic space by January 1, 2012. The Customs Union of the three countries started working on January 1, 2010.

"Moreover, Ukraine joined the WTO [in 2008] and now may join this space only on the WTO conditions. We wish our partners to join the WTO as soon as possible," Yanukovych said adding that Ukraine's entry to the Unified Economic Space remains relevant.

Russia, Ukraine, Belarus and Kazakhstan intended to establish the Unified Economic Space back in 2003. The process stalled due to Ukraine's position that favored the creation of a free trade zone within the single space but did not want to join the Customs Union. When Viktor Yushchenko took office in 2005, the negotiations were suspended.

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13:19 In Davos, President Viktor Yanukovych took part in a World Economic Forum session “New Energy Architecture: Enabling an effective transition.”
10:10 In Davos, President Viktor Yanukovych took part in a session of the World Economic Forum titled "Energy for Economic Growth.” During the session, President Yanukovych brought up the issue of energy security of Ukraine, and told about the implementation of new technologies to use alternative and unconventional energy sources in our country.

24 January 2012
13:48 A Ukrainian delegation has left for Washington to hold talks with the International Monetary Fund (IMF), Ukrainian Finance Ministry spokesperson Viktor Kosarchuk has said.

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