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Kiev and EU Reach Compromise on Export Duties on joining Ukraine to WTO

Other News Materials 17 January 2008 21:18 (UTC +04:00)

Ukraine, Kiev / Trend corr. Z.Novosvitski / The European Union recalls its demands, within the framework of joining of Ukraine to the World Trade Organization (WTO), due to complete simplification of export duties system of the country, but Ukraine will not introduce new duties and increase the rates of the current export duties.

Such an agreement was achieved by Grigori Nemirey, the Ukrainian Vice Premier, and Pieter Mendel, the EU Commissar on Foreign Trdae Issues, in London on 16 January.

"We can mark remove of the last obstacle which hindered Ukraine to join WTO, and I am satisfied that Ukraine may go ahead," Mendel stated in the interview for UNIAN.

Ukraine hopes that the Task Group on joining Ukraine to WTO will approve the report by Kiev on 25 January and submit the document to the General Council of the organization for consideration. The next meeting will be held in Geneva on 7 and 8 February.

The joining process of Ukraine to WTO has been continuing for more than twelve years. The mutual access to trade and service market of Ukraine was agreed with WTO member-countries.

However, at the latest stage of joining Ukraine to the organization, WTO put forward new demands before Kiev concerning change of export duties on five trade groups.

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