Friday, 29 August, 2014,23:15
Русская версия Українська версія English version
ForUm - самое цитируемое Интернет-издание. Главные новости Украины и мира. Home| News| One-line news| Articles| Interview| Gallery| Comments| Forum| Archive| Service| Search| About us
News / 30 January 2014 | 12:40
Investors will be granted free customs zones

Investors will be granted free customs zones

Free customs zones with special preferential treatment can be established in any territory, according to decision of local authorities and at request of businessmen. In those parks, business entities will be exempt from customs duties and non-tariff regulation of foreign trade activities, Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.

Ukraine’s Ministry of Economic Development and Trade has drafted a bill assuming the removal of restrictions for establishment of Free Customs Zones (FCZ) of industrial type, exclusively in the territory of Free Economic Zones (FEZ). Thus, the government intends to stimulate the investor interest to activities in Ukraine and enhance the development potential of Ukrainian regions. The bill has been published at the Ministry website for public discussion.

Also, the government is planning to update the Customs Code of Ukraine for FCZ activities. These changes will set the rules for business entities to be exempted from customs duties, as well as from activities and methods of non-tariff regulation of foreign economic activity. "These innovations will increase the number of free customs zones (industrial type), thus leading to enhanced investment activity in Ukraine", noted Victor Kovalenko, Director of Department for Investment-Innovation Policy and Development of Public-Private Partnership at Ministry of Economic Development.

The Ministry takes first-priority actions to attract investment and stimulate the interest of major investors in Ukrainian activities, which was noted today by Ukraine’s acting Prime Minister Serhiy Arbuzov during the opening session of the Cabinet. He requested that Ihor Prasolov, Acting Minister of Economic Development and Trade, Yuri Kolobov, Acting Minister of Finance, and Oleksandr Klimenko, Acting Minister of Revenue and Duties, to intensify their dialogues with investors.

Increasing customs freedom for businessmen in the time of total control and regulation is bold, but justified, believe government experts. Establishment of free customs zones will provide the major investors with extra opportunities in building logistics, more understandable strategy for development of production, and optimal distribution of material, labor, and financial resources.

Версия для печати
Speaker meeting heads of diplomatic missions of EU countries
On February 3 in Kyiv, speaker of Ukrainian parliament Volodymyr Rybak held a meeting with heads of diplomatic missions of EU countries, accredited in Ukraine
Rada coordination board sitting
On February 3 in Kyiv, the coordination board of heads of parliamentary factions and committees held a sitting
NBU issuing commemorative coins dedicated to Olympic games
On February 3, the National Bank of Ukraine put into circulation two commemorative coins "XXII winter Olympic games" of value 10 and 2 hryvnias
Azarov saying good-bye to the Cabinet
On January 29, now acting Prime Minister Mykola Azarov and first vice PM Serhiy Arbuzov presided at a sitting of the acting Cabinet
VR holding extraordinary sitting
On January 28 the Verkhovna Rada of Ukraine held an extraordinary sitting
Protesters occupied Ukrainian House
On the night of January 25/26 protesters occupied the  building of the Ukrainian House in Yevropeiska square, previously vacated by law enforcements
09:49 February 6-7, Ukrainian President Viktor Yanukovych pays working visit to the Russian Federation

4 February 2014
14:57 Skier Valentyna Shevchenko will bear Ukrainian flag at the opening of Olympic Games in Sochi
14:15 Rivne Regional Council chairman Yuri Kichatyi voluntarily resigned 

Read all news →
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2014
bigmir)net TOP 100