News
31.03.2011
Ukraine: draft law #8163 to support commercial interests of grain traders – Ministry of Agrarian Policy
To date the draft law #8163 “On making of amendments to the Law of Ukraine "On grains and the market of grains in Ukraine" (concerning grain trading via foreign economic contracts)" is worked out by the officials of the Ministry of Agrarian Policy with assistance of grain producers, public and professional organizations for taking into account interests of all market participants, informed the letter of the Ministry of Agrarian Policy and Food of Ukraine dd. March 23 in reply to the appeal of Ukrainian Grain Association.
According to the Ministry, the draft law is designed to create the favourable conditions for realizing of foreign economic operations on the grain market by business entities, which previously provided advance payments of 50% from the price of the required agricultural product.
The letter marks that the draft law will allow attracting additional financial resources to agricultural production, which will assist to interests of both agricultural producers and exporters.
The letter also informs that the Committee on the issues of agrarian policy and land relations of the Verkhovna Rada of Ukraine did not support the draft law #8053 “On making of amendments to the Law of Ukraine “On State support of the agriculture in Ukraine” (concerning peculiarities of realizing exports of the commodities subject to the state price regulation).
