Ukraine became the full fledged 152nd member of the World Trade Organization On May 16th of the year 2008. The Protocol on Ukraine’s joining the Marrakech Agreement on creating WTO, ratified by the Verkhovna Rada on April 10th of 2008, came into force on May 16th 2008.

Ukraine on becoming WTO member will implement a phased reduction of its export duty on ferrous scrap metal from EUR 30 per tonne to EUR 10 per tonne over six years.