The Government Improves the Protection of Domestic Producers and Exporters!

Kiev. Ukraine. Ukraine Gate – January 21, 2021 – Economy

On January 20, the Government adopted a bill strengthening the protection of Ukraine’s national economic interests during the spread of protectionist policies in the world and the existence of emergencies in international relations. At the same time, the adopted amendments do not contradict the WTO agreements and international agreements of Ukraine in the trade and economic sphere.

“Today, the whole world uses the principle of protectionism – to protect its producers. In this perspective, we must also protect our producers and exporters in the international trade arena, thereby increasing the competitiveness of the national economy, “commented the Minister of Economic Development, Trade and Agriculture of Ukraine Igor Petrashko.

Thus, the draft Law proposes to amend the Law of Ukraine “On Foreign Economic Activity”, which in particular:

introduce at the legislative level the procedure for protection of the rights and interests of subjects of foreign economic activity of Ukraine during foreign states or other subjects of international law anti-dumping, anti-subsidy or special investigations into imports of goods of Ukrainian origin and the procedure for protection of rights and interests of Ukraine agreements of Ukraine in the trade and economic sphere;

provide for the granting of the right of the Ministry of Economy to represent and self-represent the interests of the Interdepartmental Commission on International Trade in Courts;

differentiate the mechanism of application by Ukraine of measures in response to internationally wrongful acts and / or hostile actions of a foreign state or other subject of international law against Ukraine separately from the application by Ukraine of measures in response to discriminatory actions of a foreign state or other subject of international law against objects of foreign economic activity of Ukraine.

The draft law is aimed at achieving goal 5.2 “Export Support” of the Program of Activities of the Cabinet of Ministers of Ukraine from 12.06.2020 №471 and to implement paragraph 14 of the action plan for the implementation of the State Economic Incentive Program: “Improvement of legislation to determine conditions for protection of national interests of Ukraine in the conditions of the strengthened protectionism of other countries, and also in emergency situations (taking into account norms of GATT / WTO)”.