KYIV. UkraineGate . 2 . September . 2022 | Ukraine News.
The Ukrainian government has approved a draft law that brings the Customs Tariff of Ukraine into compliance with the requirements of the International Convention on the Harmonized System of Description and Coding of Goods. The relevant decision was made at a meeting of the Cabinet of Ministers today. Now the draft Law will be registered in the Verkhovna Rada and considered by people’s deputies. This was reported by the press service of the Ministry of Economy of Ukraine .
Quote
“Ukraine is adapting to international standards for the classification of goods. We need this in order to increase our own exports, enter new markets, and strengthen our competitive advantages in world trade. A great victory is the establishment of zero tariffs on Ukrainian goods by the EU countries, Canada, the Great Britain and Australia. Exporters are successfully using this to promote their goods. At the same time, Ukrainian business needs many intermediate import goods to, for example, establish processing production. In this context, the new Customs Tariff will contribute to the revitalization of mutually beneficial trade and make our economy stronger “, – said the Minister of Economy of Ukraine Yulia Svyridenko.
Details
The current Customs Tariff of Ukraine is built on the basis of the 2017 version of the Harmonized System of Description and Coding of Goods, and the 2022 version is already in effect in most countries of the world. It is used by Ukraine’s largest trade partners, in particular, the EU, Turkey, China, the USA, and Switzerland.
In this connection, a number of complications arise related to discrepancies in commodity codes during customs clearance of products imported to Ukraine, or when comparing customs statistics of Ukraine and trading partner countries.
The draft of the new Customs Tariff of Ukraine provides for:
• technical change in the classification of individual goods by combining several codes into one, detailing one code into several, and moving individual types of goods into other codes;
• exclusion from the system of goods that are no longer used in international trade;
• putting into circulation new goods that are produced using modern technologies, etc.
In total, there will be more than 350 changes in commodity codes, mainly regarding goods of agriculture, chemical, forest sectors, textiles, non-ferrous metals, engineering, transport, etc.
Addition
Ukraine will receive “customs visa-free” as early as 2022.
Source: Ukrgate
