"The European Union agreed Thursday to recognize Ukraine as a free market economy, a status the country sought to give it an economic and political foothold in the EU.
The prized status, which still must be formalized, presents a major victory for Ukraine's pro-western President Viktor Yushchenko, but also for Ukrainian businesses seeking to trade with Western Europe, who have been hampered by anti-dumping rules. "
This means that the EU will not be dealing with Ukraine at arms length with things like anti-dumping. It's a nice step and a bit of confirmation that things are on the right track. The cynic though might say that it is a case of the EU propping up Yuschenko. I'd take it either way.