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Ukrainian Parliament cancels additional import duties
The Verkhovna Rada of Ukraine has approved law No.3533 “on the measures promoting foreign economic activity" that cancels additional import duties from January 1, 2016.
A total of 268 MPs voted for a relevant decision, an Ukrinform correspondent reports.
Thus, the document canceled the law of Ukraine “on the measurers stabilizing Ukraine’s balance of payments in line with Article XII of the General Agreement on Tariffs and Trade as of 1994” under which additional import duties of 5% and 10% were introduced for one year.
The law comes into effect on January 1, 2016.