Business news from Ukraine

UKRAINE HALTS EXPORTS OF COGNAC AND CHAMPAGNE – CHAMBER OF COMMERCE AND INDUSTRY OF UKRAINE

The Chamber of Commerce and Industry of Ukraine stops issuing certificates for beverages named Cognac, Armagnac, Grappa, Brandy and Sherry as the transition period after the signing of the Deep and Comprehensive Free Trade Area (DCFTA) Agreement expired. According to Annex III of the Regulation of the European Parliament and the Council of Europe, the countries of origin that can use names Cognac, Armagnac, Grappa, Brandy and Sherry are only France, Italy and Spain.
“Given that Ukraine has passed the transition period after signing the DCFTA, the Ukrainian Chamber of Commerce and Industry stops issuing certificates for drinks called Cognac, Armagnac, Grappa, Brandy and Sherry,” First Vice President of the Ukrainian Chamber of Commerce and Industry Mykhailo Nepran said.
He said that from now on Ukraine will export sparkling wine and brandy, in accordance with the foreign activity codes.
As reported, the DCFTA trade area between Ukraine and the European Union began to operate on January 1, 2016.

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