August 17 2005, 08:15 APK-Inform

Ukraine cut import taxes for oilseed industry equipment and farm machinery

According to the Law of Ukraine #2715-IV (of 17/08/2005) the duty for import of oil-and-fat industry equipment (equipment for extraction or producing of animal/vegetable fats) have been decreased to zero from 10% (full duty) and 1% (preferential duty). Also the duties for import of tractors and grain combines have been diminished accordingly from 10-40% to 2-10% (depending upon machinery's power) and from 10-20% to 2%.

This Law provides reduction of import duties for some kind of fertilizers and plant protection chemicals.