Business news from Ukraine

UKRAINE RATIFIES OPEN SKIES AGREEMENT WITH EUROPEAN UNION

On February 17, 2022, the Verkhovna Rada of Ukraine adopted a law on ratification of the agreement between Ukraine and the European Union on the Common Aviation Area.
Some 311 deputies voted for the ratification of the agreement on Thursday.
The purpose of the agreement is the gradual creation of a Common Aviation Area between Ukraine and the EU and its Member States, based, in particular, on identical rules in the field of flight safety, aviation security, air traffic management, environmental protection, consumer protection, computer reservation systems, as well as on identical rules regarding social aspects.
To this end, the agreement establishes mandatory rules, technical requirements, administrative procedures, basic operational standards and implementation standards applied between the parties.
Common Aviation Area operates on the basis of free access to the air transportation market and on equal terms of competition.
Ukraine is taking the necessary measures to incorporate into the legal system of Ukraine and implement the requirements and standards of the acts of the European Union.
The parties cooperate, among other things, in order to achieve convergence of certification systems in the areas of primary certification and maintaining airworthiness.
Upon request, the Parties shall provide each other with all necessary assistance to prevent acts of illegal seizure of civil aircraft and other illegal acts directed against the safety of such aircraft, their passengers and crew, airports and air navigation facilities, as well as any other threat to the safety of civil aviation.
The Parties recognize the importance of environmental protection in the development and implementation of aviation policy.
As reported, on October 12, 2021, Ukraine and the European Union signed the Common Aviation Area Agreement. On June 28, 2021, the EU Council approved the signing of the Common Aviation Area Agreement with Ukraine, as well as with three other countries – Armenia, Tunisia and Qatar.
The process of harmonization of the Ukrainian aviation space with the EU was started in 1999. On December 12, 2006, the EU Council authorized the European Commission to start relevant negotiations with Ukraine. In October 2013, the text of the Agreement was agreed upon by the parties, but due to foreign policy conditions, its signing was postponed indefinitely.

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PARLIAMENT RATIFIES AGREEMENT ON CO-PRODUCTION OF AUDIOVISUAL WORKS WITH CANADA

KYIV. Sept 2 (Interfax-Ukraine) – The Verkhovna Rada has ratified an agreement on the joint production of audiovisual works between the governments of Ukraine and Canada.

Some 318 deputies voted for corresponding bill No. 0040 at the plenary session on Wednesday.

The agreement was signed in Toronto on July 2, 2019.

An explanatory note to the draft law says that the ratification of the agreement will contribute to the intensification of the international activities of the subjects of cinematography of Ukraine in joint film production with other countries.

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UKRAINIAN PARLIAMENT RATIFIES AMENDMENTS TO TREATY BETWEEN UKRAINE AND TURKEY TO AVOID DOUBLE TAXATION

Ukraine’s Verkhovna Rada has ratified a protocol on Amendments to the Convention between the Government of Ukraine and the Republic of Turkey for avoidance of double taxation with respect to taxes on income and real estate.

An Interfax-Ukraine correspondent has reported that a total of 320 MPs backed bill No. 0005 on ratification of the amendments on Wednesday.

According to the conclusion of the foreign policy committee, the changes relate, in particular, to the procedure for taxation of income received by residents of the state, which is party in the treaty, from the disposal of shares or other rights; the procedure for taxation of remuneration received in connection with employment on a ship, aircraft, or other transport operated by an enterprise of the state, which is party in the treaty. The changes will also concern the exchange of information.

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UKRAINIAN PARLIAMENT RATIFIES CHANGES TO ENERGY ANNEX TO EU-UKRAINE AGREEMENT

The Verkhovna Rada of Ukraine has ratified amendments to Annex XXVII to the Association Agreement between Ukraine and the EU.
Some 231 people’s deputies voted for the corresponding bill at a meeting of the parliament on June 6.

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