Ukraine's parliamentarians pass WTO bills

Other News Materials 3 November 2006 16:06 (UTC +04:00)

(ForUm) - People's deputies of Ukraine have passed a law of Ukraine on introduction of changes into the law On insurance. 383 MPs voted for the document, reports Trend.

Reporter on this issue, deputy Chief-of-Staff Arseny Yatsenyuk informed that this document provides for opening intermediary brokerage activity for insurance foreign companies only five years after Ukraine's accession into the WTO.

At the same time this time limit does not cover the so-called pension insurance. Hence, we allow insuring only those risks, which cannot be carried out at the expense of Ukrainians, Yatsenyuk said.

The approval of this draft bill is necessary for Ukraine's accession into the WTO.

Ukraine's deputies also have given the bill on changes into the law On external economic activity its first reading. 374 MPs backed the decision. Arseny Yatsenyuk mentioned that this draft bill withdraws from the law those norms, which do not meet the requirements needed for Ukraine's accession into the WTO.

The matter concerns the so-called antidumping licenses, Yatsenyuk explained. He underlined that the draft bill clearly standardizes the issue concerning licensing and authorities' responsibility for giving licenses.