Uzbekistan cancels additional import fee for Ukrainian goods

Business Materials 22 February 2016 17:25 (UTC +04:00)

Tashkent, Uzbekistan, Feb. 22

By Demir Azizov- Trend:

The Cabinet of Ministers of Uzbekistan has prematurely cancelled additional import fee for Ukrainian goods, the Ministry of Foreign Economic Relations, Investments and Trade of the country reported on its official website.

It was earlier reported that Uzbekistan introduced additional import fee for Ukrainian goods starting from July 1, 2015 for a period of one year as a response measure to the introduction of additional import fee by Ukraine in the amount of five-ten percent not depending on the country of origin of the goods on February 26, 2015 for a period of 12 months. In late December 2015, the Ukrainian government decided to cancel the additional import fee starting from January 1, 2016.

Ukraine's export to Uzbekistan in 2015 decreased almost twice compared to 2014, to $154.4 million, import from Uzbekistan to Ukraine decreased by 13 percent, to $57.3 million, according to the Ukrainian side.

In late January 2016, the Verkhovna Rada (Parliament) of Ukraine ratified the protocol on the application of the free trade zone agreement with Uzbekistan.

The agreement on free trade zone within the CIS was signed in October 2011 by eight countries - Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Ukraine.