Page 30 - UKRRptJun22

respond to global market challenges, as stated at the Stuttgart G7 conference by Minister of Agrarian Policy Mykola Solsky. "Due to the blockade of Ukrainian seaports, 7 million tons of wheat, 14 million tons of corn, 3 million tons of sunflower oil, and 3 million tons of sunflower meal and other crops have not entered the world market," Solsky said. This has already led to a record rise in world market prices. At the suggestion of Ukraine, the creation of such an organization would set limits on grain exports to stabilize prices and market predictability.
The EU approved a one-year suspension of import duties on Ukrainian products. The European Parliament's Committee on International Trade has approved the suspension of EU import duties on Ukrainian products for a year in order to support Ukraine's economy. The provisions adopted include the complete suspension of import duties on industrial goods, the system of entry prices for fruits and vegetables, as well as anti-dumping duties and safeguards on steel imports for one year," the statement said. "The Kremlin's brutal and arbitrary war is aimed at Ukraine's ability to continue trade. However, the EU can take steps to revive bilateral trade relations, and it will. The abolition of customs duties and the opening of the European market will allow us to strengthen Ukraine's ability to trade in goods and agricultural products," said Latvian MEP Sandra Kalniete.
The free trade agreement between Ukraine and Canada will soon be expanded. Ukraine and Canada will complete work on expanding the Free Trade Agreement in the coming weeks. The decision was made during a virtual meeting between the First Deputy Prime Minister - Minister of Economy of Ukraine Yulia Svyridenko and the Minister of International Trade of Canada Mary Angie. Government officials discussed several issues including:
Cooperation in the agricultural sector. (Logistics issues, export, and import of grain)
Potential abolition of trade tariffs on Ukrainian goods by Canada (this decision was recently made by the EU and the United Kingdom). Possible forms of support for Ukraine at the current stage, as well as during the postwar economic recovery of our country.
The US has abolished 25% of the import duties on Ukrainian steel. The US Department of Commerce has announced the suspension of 232 customs tariffs on Ukrainian steel for one year. Some of Ukraine's largest steel companies were most affected by Putin's barbarism, and the Mariupol steel plant (Azovstal) has become a symbol of Ukraine's determination to resist Russian aggression. Many metallurgical plants in Ukraine continue to pay salaries, provide food, and even shelter for their workers during the ongoing hostilities. Some Ukrainian plants have even resumed production despite the fighting, the US Department of Commerce said. “creating export opportunities for these mills is essential to their ability to continue employing their workers and maintaining one of Ukraine’s most important industries.”
Ukraine has resumed pork and beef exports. Following negotiations with the European Commission and EU member states, Ukraine has agreed on the transit of pork and beef through the EU, reported the Ukraine Ministry of Agrarian Policy. Due to the blockage of seaports by Russia, Ukraine has lost the traditional export methods for its products by sea, which has led to the need to update the conditions of the import and transit of Ukrainian goods through the EU. As a result of negotiations with the European Commission and
30 UKRAINE Country Report XXXX 2018 www.intellinews.com