KYIV. Nov 26 (Interfax-Ukraine) – The Ukrainian parliament plans to create a state agency for exports support (export-credit agency).
A total of 256 lawmakers passed bill No. 2142a at first reading.
One of the authors of the bill, Viktor Halasiuk (Oleh Liashko’s Radical Party) said that the bill will introduce insurance, guarantees and cheapening of exports crediting. The bill is in line with the directives of the European Union and the World Trade Organization, he said.
Deputy Ukrainian Economic Development and Trade Minister and Trade Representative Natalia Mykolska previously said that the concept on the export-credit agency will be drawn up by the end of October.
She said that Ukreximbank (Kyiv) will finance export-import transactions, while Export-Credit Agency will insure non-banking risks.
After completing the concept, the government would also submit the relevant law on the export-credit agency to the parliament.
