Contents -- Abstract -- Acknowledgments -- Acronyms and Abbreviation -- Executive Summary -- 1. Trade Performance Since the Early 1990s- Looking for Its New Role in Global Trade -- Main Trends in Trade Performance -- Merchandise Trade Dynamics in 1996-2003 -- Commodity Structure of Trade -- Geographic Structure of Trade -- Export Concentration and Specialization -- Foreign Trade Data Quality -- Conclusions -- 2. Tariff and Trade Regime -- Import Tariff Structure -- Import Non-Tariff Barriers -- Quantitative Import Restrictions and Contingency Measures -- Export Regime -- Fiscal Aspects of Trade Regime -- Trade Regime: Perceptions by the Private Sector -- Conclusions -- 3. Ukrainian Exports and Access to the EU Market -- Overview -- Policies Affecting Ukraine's Access to the EU Market: The GSP -- EU Protection and the Structure of Ukraine's Exports -- The Impact of EU Enlargement -- Conclusions -- 4. Ukrainian Steel Export-Performance, Sustainability, and Medium-Term Prospects -- Export Performance -- Assets, Investments, and Capacity Constraints -- Government Policies: Main Instruments of Support to Local Steel Producers -- Comparative Advantages of Ukrainian Ferrous Metallurgy -- Medium-Term Prospects -- Conclusions -- 5. Ukraine's Accession to the WTO-Completing the Negotiations and Maximizing the Benefits of Membership -- WTO Accession Negotiations -- Remaining Roadblocks to Accession -- Reaching the End of Negotiations -- Reaping the Benefits of WTO Membership -- Conclusions -- 6. Medium-Term Priorities for Trade Integration Strategy -- Trade Integration with the EU: Follow a Pragmatic Approach Toward Attaining Realistic Goals -- Trade Integration with the CIS: Expand Cooperation Based on WTO Principles -- Strengthening Institutional Framework for Trade Policy Formulation -- Conclusions -- Statistical Annex -- References -- TABLES.

1. Ukraine's Trade Performance: Comparative Perspective -- 2. Structural Characteristics of Ukrainian and Polish Trade with the EU -- 3. Import-Weighted Average Tariff Rates in Ukraine -- 1.1. Merchandise Trade Balance, Exports and Imports of Ukraine in 1990-2003 -- 1.2. Trade Performance of Ukraine: Comparative Perspective -- 1.3. CIS Actual versus Theoretical Trade Openness -- 1.4. Comparative Dynamics of Machinery and Equipment Exports to Russia from Ukraine and Belarus -- 1.5. Export Concentration Indicators: Ukraine and Poland -- 1.6. Export Specialization Indices, 1-digit SITC Level -- 1.7. Export Specialization by Export Market -- 1.8. Grubel-Lloyd Index: Ukraine and Poland -- 1.9. Mirror Statistics -- 2.1. Import-Weighted Average Tariff Rates in Ukraine -- 2.2. Import-Weighted Average MFN Tariffs on Non-Agricultural Goods in Ukraine for Major Commodity Groups -- 2.3. Import-Weighted Average MFN Tariff Equivalents on Agricultural Goods in WTO MTN -- 2.4. Tariff Escalation in the Non-Agricultural MFN Tariff Schedule -- 2.5. Tariff Escalation in the Agricultural MFN Tariff Schedule -- 2.6. Basic Characteristics of Tariff Schedules in Ukraine and Selected Countries -- 2.7. Ukraine's Non-Tariff Measure Intensity Indices, 1993-2004 -- 2.8. Frequency and Import Coverage Indices for Core Non-tariff Barriers, 1993-2004 -- 2.9. Frequency Indices of Core NTBs in Developing Countries -- 2.10. Ukraine's Market Share in Goods Subject to Export Taxes, 2001-02 -- 2.11. Main Privileges Granted to Investors in the Territory of Special (Free) Economic Zones, 2004 -- 2.12. Taxation of Trade in Ukraine, 1998-2002 -- 2.13. Major Document Requirements for International Trade Operations in Ukraine -- 2.14. Selected Indicators for the Quality of the Business Environment, 2004 -- 2A.1. Budget Revenues from Foreign Economic Activities in Ukraine.

3.1. Structural Characteristics of Ukrainian and Polish Trade with the EU -- 3.2. Ukraine GSP Scheme, 2001 -- 3.3. Weighted Average Tariffs on Ukraine's Exports to the EU -- 3.4. Key Sectors in Ukraine's Exports to the EU and Tariff Preferences -- 3.5. Export to the EU of HS 10019099 Spelt in 1992-2002 ( € thousands) -- 3.6. Unit Value and Tariffs on HS 10019099 Spelt Exports to the EU -- 3.7. Application of EU Tariffs to Products that Ukraine Exported to Russia in 2002 (percent) -- 3.8. Ukrainian Products Subject to Anti-Dumping Measures in the EU -- 4.1. Contribution of the Steel Sector to Ukraine's Economic Performance in 2000-03 -- 4.2. Structure of 1999-2003 Ukrainian Rolled-Stock Exports -- 4.3. Output and Investments in the Cast Iron & Steel Sector, 1985-2003 -- 4.4. Comparative Cost Structure in Ferrous Metallurgies of Ukraine and Germany in 2001 -- 4.5. Financial Indicators of Ukraine's Ferrous Metallurgy -- 4.6. Ukraine's Projected Output, Domestic Consumption, Exports and Imports of Rolled Steel in 2004-10 -- 4.7. Medium-Term Projections for Output and Employment in Ukraine's Ferrous Metallurgy Sector -- 5.1. Bilateral Market Access Protocols Signed -- 5.2. Planned Reductions in Agriculture Tariffs -- 5.3. Agriculture Commitments by New WTO Members, 1995-2003 -- 5.4. Intellectual Property Projects -- 5.5. Technical Standards Projects -- 6.1. Bilateral Free Trade Arrangements Signed and Ratified by Ukraine -- A1. Foreign Trade Statistics' Sources: A Comparison -- A2. Balance of Payments in 1997-2002 -- A3. Merchandise Trade Balance, Exports and Imports of Ukraine in 1990-1994 -- A4. Geographic Structure of Merchandise Exports in 1996-2003 -- A5. Geographic Structure of Merchandise Imports in 1996-2003 -- A6. Geographic Structure of Net Merchandise Exports in 1996-2003 -- A7. Commodity Structure of Merchandise Exports in 1996-2003.

A8. Growth Rates of Merchandise Exports by Commodity Groups in 1997-2003 -- A9. Contributions to Exports Growth by Commodity Groups in 1997-2003 (Percent Change) -- A10. Contributions to Exports Growth by Commodity Groups in 1997-2003 (Percent Share of Change) -- A11. Commodity Structure of Merchandise Imports in 1996-2003 -- A12. Growth Rates of Merchandise Imports by Commodity Groups in 1997-2003 -- A13. Contributions to Imports Growth by Commodity Groups in 1997-2003 (Percent Change) -- A14. Contributions to Imports Growth by Commodity Groups in 1997-2003 (Share of Percent Change) -- A15. Commodity Structure of Net Merchandise Exports in 1996-2003 -- A16. Merchandise Exports Analytical Representation, 1996-2002 -- A17. Commodity Structure of Merchandise Exports in 1996-2002 -- A18. Growth Rates of Merchandise Exports by Commodity Groups in 1997-2002 -- A19. Contributions to Exports Growth by Commodity Groups in 1997-2002 (Percent Change) -- A20. Contributions to Exports Growth by Commodity Groups in 1997-2002 (Share of Percent Change) -- A21. Merchandise Imports Analytical Representation, 1996-2002 -- A22. Commodity Structure of Merchandise Imports in 1996-2002 -- A23. Growth Rates of Merchandise Imports by Commodity Groups in 1997-2002 -- A24. Contributions to Imports Growth by Commodity Groups in 1997-2002 (Percent Change) -- A25. Contributions to Imports Growth by Commodity Groups in 1997-2002 (Share of Percent Change) -- A26. Commodity Structure of Merchandise Exports in 1996-2002 -- A27. Growth Rates of Merchandise Exports by Commodity Groups in 1997-2002 -- A28. Contributions to Exports Growth by Commodity Groups in 1997-2002 (Percent Change) -- A29. Contributions to Exports Growth by Commodity Groups in 1997-2002 (Share of Percent Change) -- A30. Commodity Structure of Merchandise Imports in 1996-2002.

A31. Growth Rates of Merchandise Imports by Commodity Groups in 1997-2002 -- A32. Contributions to Imports Growth by Commodity Groups in 1997-2002 (Percent Change) -- A33. Contributions to Imports Growth by Commodity Groups in 1997-2002 (Share of Percent Change) -- A34. Export Specialization Indices in 1996-2002, 2-digit SITC level -- A35. Export Specialization Indices in 1996-2002, Exports to CIS, 2-digit SITC level -- A36. Export Specialization Indices in 1996-2002, Exports to the EU, 2-digit SITC level -- A37. Export Specialization Indices in 1996-2002, 3-digit SITC level -- A38. Export Specialization Indices in 1996-2002, Exports to CIS, 3-digit SITC level -- A39. Export Specialization Indices in 1996-2002, Exports to the EU, 3-digit SITC level -- A40. Contribution of commodity groups to the Grubel-Lloyd index in 1996-2002 -- A41. Contribution of Commodity Groups to the Grubel-Lloyd Index for Trade with the CIS in 1996-2002 -- A42. Contribution of Commodity Groups to the Grubel-Lloyd Index for Trade with the ROW in 1996-2002 -- A43. Complementarity of Ukraine's Export Structure with its Trading Partners' Import Structures in 1996-2002 -- FIGURES -- 1. Main Trends in Merchandise Trade -- 2. Import Procedures Perceived as Problematic -- 3. The Logic of the Proposed Trade Integration Strategy -- 1.1. The Value of Exported and Imported Goods and Balance of Trade in Goods -- 1.2. The Value of Exported and Imported Services and Balance of Trade in Services -- 1.3. Dynamics of Terms-of-Trade (TOT) Index, 1996-2003 -- 1.4. Commodity Structure of Ukraine's Exports in 2003 -- 1.5. Commodity Structure of Ukraine's Imports in 2003 -- 1.6. Geographic Structure of Exports -- 1.7. Indices of Physical Volumes and Prices of Exports to the CIS and ROW -- 1.8. Growth Rates for Russia's Imports from Selected Countries in 1996-99.

1.9. Growth Rates for Russia's Imports from Selected Countries in 1999-2003.