Business news from Ukraine

UKRAINE INCREASES IMPORT OF NICKEL ORE IN JAN-FEB

Ukraine in January-April 2018 increased imports of nickel ore and concentrate in natural terms by 6.6% compared to the same period in 2017, to 458,917 tonnes. According to customs statistics released by the State Fiscal Service, in monetary terms nickel ore imports increased by 7%, to $22.155 million.
Imports were made from Guatemala (60.81% of supplies in monetary terms), and Indonesia (39.19%).
During the first four months of the year, Ukraine did not export and re-export these products, as well as in January-April 2017.
As reported, Ukraine in 2017 reduced imports of nickel ore and concentrate in natural terms by 4.2% compared to 2016, to 1.314 million tonnes, in monetary terms by 8.3%, to $64.172 million. At the same time, all imports were made from Guatemala (100% of supplies).

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UKRAINE INCREASES COAL IMPORT BY 53.9% IN JAN-APR, RUSSIAN SUPPLIES WORTH $643.58 MLN, US – $288.411 MLN

Ukraine in January-April 2018 increased import of coal and anthracite (foreign economic activity code 2701) by 53.9% (by 2.605 million tonnes) compared to the same period in 2017, to 7.437 million tonnes. According to the State Fiscal Service, coal was imported for $1.004 billion, which is 30.3% more than in January-April-2017 ($770.936 million).
At the same time, Russia supplied coal worth $643.58 million (a 64.08% share in imports), the United States for $288.411 million (28.72%), Canada for $48.365 million (4.82%), and other countries for $24.003 million (2.39%).
In addition, Ukraine in January-April 2018 exported 43,491 tonnes of coal and anthracite for $7.819 million, including $4.597 million to Russia, $3.201 million to Slovakia, $11,000 to Hungary, and $10,000 to other countries.

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USA CANCELS DUTY-FREE IMPORT OF 155 TYPES OF UKRAINIAN GOODS DUE TO COPYRIGHT INFRINGEMENT, LIST INCLUDES FOOD PRODUCTS, WOODWORKING INDUSTRY, ENGINEERING, ELECTRICAL APPLIANCES

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.

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UKRAINE CUTS IMPORT OF MEDICINES FROM RUSSIA BUT BOOSTS PHARMACEUTICAL EXPORT TO RUSSIA

Ukraine in January-February 2018 considerably increased exports of medicines to Russia, cutting their imports from the country. According to the State Statistics Service, in January-February 2018, Ukraine exported medicines for $3.5 million to Russia, which is 18% more than a year ago. Imports of medicines from Russia to Ukraine over the period fell by 40.4%, to $2.85 million.
Last year Ukraine exported medicines to Russia for $27.89 million, which is 31.9% more than a year ago, and imported medicines for $29.79 million from Russia (15.9% down). In 2017, Ukraine exported medicines for $171.17 million, including to the CIS for $143.057 million.
As reported, at present, because of the sanctions imposed on Russia, Russia is discussing the ways of replacing imported medicines and reducing dependence on foreign pharmaceutical companies. The decline in the imports of Russian medicines to Ukraine began after the introduction of the requirement of compliance of drugs with GMP standards in Ukraine.

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