USA May Recognize Ukraine As Market Economy By Spring 2002

William Taylor, the coordinator of US aid to new independent countries, announced that the USA may recognize Ukraine as a country with a market economy by spring 2002. The Ukrainian Financial Server quoted him as saying this at a press conference in Kiev. The press conference was devoted to the results of the 10th meeting of the Ukrainian-US committee for economic cooperation. Taylor did not specify concrete terms for making this decision. He explained that this is a legal process and it requires a lot of time. In addition, the US official announced that US President George Bush is considering the possibility of canceling some trade limitations concerning Ukraine, in particular, the Jackson-Vanik amendment.