Is 2007 the year Ukraine joins the WTO?

    0
    678
    views

    For the last several years we had been told by the Ukrainian government that WTO was a priority and right around the corner. Indeed Ukraine has been working on ascension to WTO for more than ten years. Will 2007 be the year for Ukraine to finally join the WTO? The Ukraine government reported in December that it had passed the last of 20 plus legislative packages that were needed to help bring Ukraine’s laws in line with WTO requirements. Even with this done, there is still quite a bit of work yet to do. The earliest estimates for joining are now mid-summer 2007.

    So what does joining WTO mean to Ukraine’s outsourcing market?

    While Ukraine’s IP laws have for years been verified as being legally sound, going through the WTO ascension process brings another level of verification to the international community. Combining that with Ukraine’s current value versus its eastern european neighbors; no visa policy, labor pool size, lower costs, Ukraine should enjoy an advantage for the near term.