Encouraging trade and foreign direct investments in Ukraine. by Crane K. , Larrabee, F. S.

By Crane K. , Larrabee, F. S.

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Extra resources for Encouraging trade and foreign direct investments in Ukraine.

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Accepted international practice recognizes products certified by accredited bodies in partner states with internationally recognized accreditation procedures as acceptable in the importing country. In Ukraine, products subject to mandatory 26 Encouraging Trade and Foreign Direct Investment in Ukraine certification—which make up a very long list—have to be recertified. These procedures add substantial additional expense to importing and delay the introduction of new products. In a number of instances, these added costs keep manufacturers from exporting their products to Ukraine.

4. Set up a transparent, prompt system for reimbursing VAT to exporters. The Ukrainian government should promptly reimburse exporters for VAT payments and should ensure that requests are processed within 60 days, as currently stipulated in Ukrainian law. Supervisors should be penalized if this time limit is not observed. Monthly reports on VAT rebates by region and VAT payments made by Ukraine’s 100 largest 38 Encouraging Trade and Foreign Direct Investment in Ukraine companies should be made available on the Internet and in published form.

In the case of perishable items, the time involved in this process can make importing prohibitive—the items can rot before certification is completed. S. government. S. export to Ukraine), face the highest barriers. Even though the law says only one agency should be responsible, three agencies claim responsibility for approving imports of meat: the State Department for Veterinary Medicine in the Ministry of Agriculture, the Sanitary Epidemiological Center in the Ministry of Health, and the State Center of Metrology Standardization and Certification.

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