EU set new quotas for Ukraine

Other News Materials 15 December 2006 14:44 (UTC +04:00)

(ForUm) - Ukraine agreed with the EU about quotas expansion for import of metallurgical production by more than third of the current volume. The Economy Minister Valery Pyatnytsky told after negotiations in Brussels on December 14.

We agreed all details and I consider we will manage to initial this agreement by the end of the year. It depends on whether the member of the EU external trade commission will come to Kyiv before Catholic Christmas. If not, we will initial this agreement at the beginning of January, he said, reports Trend.

Pyatnytsky noted that a new agreement provides for significant quotas extension for import of metallurgical production to EU's countries, gradual automatic quotas expansion and transfer of unused quotas of one year to another.

All negotiations were carried out with metallurgists association in proper contact with industry. That's why there is a complex decision that meets our industry, the Economy Minister of Ukraine said.

He also noted that if Ukraine becomes a member of the WTO in the middle of 2007, there will be no necessity of such agreement with the EU.