Business news from Ukraine

Business news from Ukraine

Ukraine has canceled import duty on acetic acid

The Cabinet of Ministers has abolished the import duty on acetic acid, Taras Melnychuk, the Cabinet’s representative in the Verkhovna Rada, said on Telegram.

The corresponding draft law “On Amendments to the Customs Tariff of Ukraine, established by the Law of Ukraine “On the Customs Tariff of Ukraine”, regarding the change in the duty rate on acetic acid” was approved at a government meeting on Tuesday.

“The draft law proposes to establish a zero import duty on acetic acid, which is a raw material for ethyl acetate production, to create conditions for the functioning of domestic ethyl acetate production,” Melnychuk said.

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