The European Business Association (EBA) has called on the Interdepartmental Commission on International Trade of Ukraine to make efforts to resume the free trade regime with Belarus.
“The European Business Association calls on the Interdepartmental Commission on International Trade of Ukraine to make every effort to restore the free trade regime,” the EBA said.
“In June 2021, Belarus introduced an individual licensing regime for the import of a range of Ukrainian goods. The new regime should be applied to household goods, agricultural machinery, etc. The decision was caused by the fact that the Interdepartmental Commission on International Trade of Ukraine introduced a special duty on imports of wheeled vehicles from the Republic of Belarus to Ukraine,” the report says.
“This issue is extremely relevant for a number of Ukrainian companies that have already suffered from the introduction of new trade restrictions and suffered losses of millions of dollars,” it reds.
“This situation has put many producers in a difficult position, as many businesses have cooperated with the neighboring country. Thus, if the situation is not tackled, some Ukrainian companies will be forced to partially close production, cut jobs, and so on. In the absence of a rapid response from the Ukrainian government, the Belarusian market could be lost for years. The losses for both countries can be reduced if both sides reconsider their decisions, which grossly violate the free trade regime,” the EBA said.
The number of deaths in Ukraine in April 2021 amounted to 68,620, which is 48.5% more than in April 2020, the State Statistics Service reported on Friday. This is the highest rate of deaths since the onset of the COVID-19 pandemic.
According to the service, in general, since the beginning of the year, 242,670 people have died in Ukraine, which is 24.3% more than in the last leap year.
As reported, in August 2020, the number of deaths in the country was 3.9% more than in August a year earlier, in September – by 15.4%, in October – by 17.5%, in November – by 35%, in December – by 42.9%, in January of this year – by 7.7%, in February – by 9%, and in March – by 34.4%.
Open4Business is a platform created to help foreign businesses to search for opportunities and expand to Ukrainian market.
The platform and related organizations provide a holistic set of services needed to successfully penetrate the Ukrainian starting from establishing foreign trade relations with local companies and up to establishing a subsidiary or acquiring a company in Ukraine.
You are welcome to contact:
info@open4business.com.ua
tel./fax: +38(067)970-52-59
The List of Main Services:
– Market information and market intelligence
– Searching trade partners and organizing fact finding trips
– Governmental relations
– PR campaigns
– Full range of M&A services
– Production outsourcing project management
– Legal advisory services including licencing and certification, etc. (together with associated companies).
Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka expects to sign an agreement on the so-called industrial visa-free regime with the EU (ACAA Agreement) by the end of 2021.
“I hope that by the end of the year we will come to the signing of the ACAA Agreement. The main effect will be in one thing – this is the greatest investment in the confidence in Ukrainian producers,” the Ministry of Economy quotes Kachka in a press release.
He added that the second phase of the quality infrastructure assessment is scheduled for September.
National bank of Ukraine’s official rates as of 18/06/21
Source: National Bank of Ukraine
