To authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Ukraine.

This law authorized the President to establish permanent normal trade relations with Ukraine, moving the country out of a restrictive Cold War-era trade status. By granting "nondiscriminatory treatment," the bill ensured that Ukrainian goods imported into the United States are subject to the same low tariff rates applied to most other World Trade Organization members. For American citizens, this measure was designed to lower the cost of imported Ukrainian products and foster a more stable economic partnership between the two nations.