Ukraine's parliament has signed off on its membership in the World Trade Organization.
The ratification Thursday by the Verkhovna Rada means the ex-Soviet republic will officially becomes a member of the world's biggest trading club 30 days after it notifies the WTO of the ratification.
Ukraine was formally invited to join on Feb. 5, beating its main trade partner and neighbor Russia to the invitation.
That mean Ukraine will effectively get a veto over Russian membership since all WTO decisions are made by consensus.
Russia is the only major economy still outside the WTO.
Ukrainian officials hope WTO membership will open new markets for industrial exports. Membership also obliges the country to continue economic reforms.
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