The effect of the Generalized System of Preferences, which allows for duty-free import of more than 3,500 types of goods from Ukraine to the United States, has been suspended for 155 types of Ukrainian goods from April 26, the Ukrainian Economic Development and Trade Ministry reported on Saturday, May 5. “A total of 155 types of goods fall under the restrictions, in particular, some products of the food, light, woodworking industry, engineering, and some electrical appliances,” the ministry said.
The Office of the U.S. Trade Representative enacted these restrictions from April 26 this year, 120 days after the publication of the respective presidential proclamation of December 22, 2017.
“The Economic Development and Trade Ministry has been in constant dialogue with the U.S. government and is working to resolve the problem. At the same time, the lifting of the restrictions largely depends on the adoption by the Verkhovna Rada of bill No. 7466, known as the bill on the organization of collective management,” the report says. It recalls that the bill drafted by the ministry is aimed at establishing an effective and transparent system of collective management of property rights in the field of copyright and related rights in Ukraine. The document was adopted at first reading on March 1. On April 19, MPs began its consideration at second reading.
ELECTRICAL APPLIANCES, ENGINEERING, FOOD PRODUCTS, IMPORT, UKRAINIAN GOODS, USA, WOODWORKING INDUSTRY
