News

The Government has approved a new Procedure for providing state stimulation of industrial parks creation and functioning. Accordion gto it the financing will be provided for construction of engineering and transport infrastructure sites, required for creation and operation of industrial parks, as well as compensation of connection to the transport and engineering networks. The decision was adopted at the meeting of the Cabinet of Ministers of Ukraine on June 4, 2024.

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The Verkhovna Rada of Ukraine adopted the Law of Ukraine “On Ratification of the Convention between the Government of Ukraine and the Government of Japan for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Fiscal Evasion and Avoidance and the Protocol thereto”.

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The volume of Ukrainian export of grain crops this marketing season (from July 1 2023 to June 30, 2024) reaches 50 million tons.

So, by the end of June the export volume will amount not less than 50 million tons. At the same time up to 85 % of agricultural products are exported by sea, 15 % by the Danube River and the share of road transport export is only 5 %.  

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On June 6, autonomous trade measures came into effect in the EU, according to which all import duties and quotas for Ukrainian exports to the European market are suspended for one more year. 

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Canada has extended for one year the exemption from customs duties on goods originating in Ukraine. This decision ensures the continuation of duty-free import of Ukrainian products to Canada, effective from June 9, 2022.

On the website of the Canadian Government it is said that according to the Order SOR/2024-111 the duty-free import of Ukrainian products, implemented on June 9, 2022 will last till June 9, 2025. 

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The goods export volume from Ukraine in May was 12,2 million tons, which equals 3,34 billion USD in monetary terms. 

“Exports from Ukraine in May 2024 amounted to 3 billion 340 million USD. Physical export volumes were 12,2 million tons. Despite the physical volume being 6,9 % lower compared to April, the total cost in comparison with April is only 0,5 % lower”, said Taras Kachka.

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In the first quarter of 2024, 86 000 cars were imported to Ukraine. Their total declared value was 1,1 billion US dollars, and the state budget received 11,1 billion  UAH for importing these cars.

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The Export Credit Agency of Ukraine (ECA) is starting to accept applications for insurance of investments against military and political risks.

The export credit agency will offer two insurance products - direct investment insurance for investors and investment credit insurance for banks.

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The EBRD is working on a project that will allow insuring goods located on the territory of Ukraine before they reach the territory where insurance from international insurance companies can be used.

Anna Lebedynets, associate director and senior banker of EBRD Agribusiness, announced this during the Agro Ukraine Summit 2024, Ukrinform reports with reference to UZA.

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The volume of export of grain and leguminous crops from Ukraine in the 2023/24 marketing year in May of this year amounted to 4,95 million tons, which is 1,9 million tons, or 63% more than the similar figure last season.

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