July 4th, 2009

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Until September 7, the WTO will not impose sanctions against Ukraine

Saturday, July 4th, 2009

Until September 7 this year, WTO member countries will not impose retaliatory sanctions against the Ukraine in connection with the operation of 13 per cent premium to the rates of import duties for imports of refrigerators and automobiles.

As the UNIAN correspondent, told reporters, Deputy Minister of Economy of Ukraine Valery Pyatnitsky.

He said that on 24-25 June at the WTO Committee on restrictions imposed in the interest of balance of payments was considered imposed by Ukraine on 13 percent surcharge on import duties only to refrigerators and cars. The subject of consideration by the committee was 13 per cent premium relative to the refrigerators and cars, and its recommendations to the WTO Committee has given exactly for this situation, without taking into account the decision of the Constitutional Court on June 23. If the Committee of the WTO Balance of Payments will want to consider the decision of the Constitutional Court of Ukraine on June 23, it is a separate situation , - explained Pyatnitsky.

He noted that during consideration of the 13-percent surcharge on import duties on cars and refrigerators Committee of the WTO agreed that the allowance would be abolished Ukraine no later than September 7 this year.

According Pyatnitsky, the decision on the possible imposition of retaliatory sanctions against the Ukraine in connection with the renewal of the 13-percent premium, according to the COP, must be preceded by consideration of the matter by WTO members during the 4-month period. We have until the expiration of the 13-percent premium to the import duty is only 2 months, and it has a formal Cabinet decision to repeal these measures as soon as possible. If is assumed that 13 per cent surcharge will apply after September 7, whereas in fact in relation to Ukraine may be imposed retaliatory sanctions by the WTO members, but we will try that this did not happen , - stressed the Deputy Minister. Click to continue »

Records ended

Saturday, July 4th, 2009

End

2008-2009 marketing year, in which Ukraine has a record harvest, record exports of grains and oilseeds, and got to record a third place among the world's grain

Results

started the season will be more modest, particularly against the backdrop of last year's figures.

record harvest of grain at 53.3 million tons (the absolute maximum in the recent history) resulted in the same record exports in the season ended. In the last month of MG grain exports from Ukraine was 1.6 million tons, and thus the annual rate of 24.7 million tons This is almost twice the previous record (13 million tons in 2005/2006 season) and times more than last year's export volumes (in the 2007/2008 marketing year was removed 4.1 million tons of grain). According to the Ukrainian Agrarian Confederation (UAQ), in particular, wheat exported 12.7 million tons, barley - 6,3 million tons of corn - 5.5 million tons of these same figures were record external oilseeds. On the fact exceeded all the forecasts of various analysts, - said Sergey Stoyanov Director UAQ. Putting on the external market of nearly 25 million tons of grain Ukraine has become one of the world's three largest exporters, which is also the highest for the country's position in recent years. Projections for the season started yet undefined, as there are clear indicators of the crop. As of June 30, Ukraine namolotila almost 1.5 million tons of grain, according to data from regions of poor quality. Click to continue »