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TOP-10 priorities for the new Minister of Economy of Ukraine

04/ 11/ 2021
  On November 4, the Verkhovna Rada supported Yuliia Svyrydenko’s candidacy for the post of First Deputy Prime Minister - Minister of Economy of Ukraine. Business congratulates Ms. Yulia on her appointment and traditionally draws the attention of the new Minister to the TOP-10 priority issues for business. We hope that under Ms. Svyrydenkos leadership, the Ministry will be able to address them and build a market economy with the fair and transparent competition. The first is developing and presenting a Strategy for Economic Recovery from COVID-19. The second is simplifying customs procedures when crossing the border for trade operations with the EU companies. For this, the implementation of Council Regulation (EC) No 1186/2009 is required. The third is analyzing the economic consequences of reducing the burden on the payroll (to demonstrate it to the Ministry of Finance and explain the importance of this decision). Besides, it is important to conduct a study and publish the results on the redistribution of the tax burden on the main taxable items and sectors of the economy to determine which areas of business have the greatest fiscal pressure and find ways to reduce them (including clinical trials of medicines and medical devices, namely the VAT exemption for import of investigated drugs, MDs, and related materials for CTs), etc. The fourth is simplifying the process of obtaining licenses and permits, in particular, for the import/export of goods containing greenhouse gases. In particular, excluding foreign trade contracts and all annexes thereto from the list of documents required to obtain a license. The fifth is creating civilized rules of e-commerce, in particular, by introducing liability for violations of the law for businesses that fail to provide mandatory information necessary to identify the online store as a business entity, and so on. The sixth is harmonizing Ukrainian legislation with EU norms by signing the Agreement on Conformity Assessment and Acceptability of Industrial Products with the EU (ACAA – the industrial visa-free regime), recognizing the equivalence of the system of registration of feed additives in Ukraine and the EU. The seventh is developing ways to support Ukrainian exporters in international markets. For example, by introducing a national report on the level of greenhouse gas emissions during the production and circulation of crops (in particular, corn and rapeseed) for its further processing into biofuels in EU countries; expanding cooperation with China – opening of the market for agricultural products exported from Ukraine to China. Particular attention should be paid to maintaining the competitiveness of Ukrainian importers in the EU given the upcoming introduction of the Carbon Border Adjustment Mechanism (CBAM). And by negotiating opportunities to mitigate the operation of this tool for Ukraine and involving business in consultations. The eighth is digitalizing information and public services through the issuance of electronic warranty cards, accession to the international e-system of phytosanitary certificates, transfer of grain warehouse documents in electronic form, the launch of a full procedure for registration of feed additives in Ukraine, development of e-archivation of personnel documents and more. The ninth is creating conditions for fair competition by repealing decisions on fuel price regulation, namely, regulations on trade margins and the declaration of price changes. The tenth is ensuring transparent regulation of sectoral issues, such as the development of regulations aimed at implementing the Law of Ukraine On Veterinary Medicine and the prevention of the entry into force of the law without their adoption, the enablement of private phytosanitary laboratories to conduct state testing, etc. The Ministry of Economy is one of the key authorities that can impact the quality and progressive work of all businesses. Therefore, the community hopes that Yuliia Svyrydenko will be able to resolve priority issues for the business that are fundamental for improving the business climate in Ukraine.   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

On November 4, the Verkhovna Rada supported Yuliia Svyrydenko’s candidacy for the post of First Deputy Prime Minister – Minister of Economy of Ukraine. Business congratulates Ms. Yulia on her appointment and traditionally draws the attention of the new Minister to the TOP-10 priority issues for business. We hope that under Ms. Svyrydenko’s leadership, the Ministry will be able to address them and build a market economy with the fair and transparent competition.

The first is developing and presenting a Strategy for Economic Recovery from COVID-19.

The second is simplifying customs procedures when crossing the border for trade operations with the EU companies. For this, the implementation of Council Regulation (EC) No 1186/2009 is required.

The third is analyzing the economic consequences of reducing the burden on the payroll (to demonstrate it to the Ministry of Finance and explain the importance of this decision). Besides, it is important to conduct a study and publish the results on the redistribution of the tax burden on the main taxable items and sectors of the economy to determine which areas of business have the greatest fiscal pressure and find ways to reduce them (including clinical trials of medicines and medical devices, namely the VAT exemption for import of investigated drugs, MDs, and related materials for CTs), etc.

The fourth is simplifying the process of obtaining licenses and permits, in particular, for the import/export of goods containing greenhouse gases. In particular, excluding foreign trade contracts and all annexes thereto from the list of documents required to obtain a license.

The fifth is creating civilized rules of e-commerce, in particular, by introducing liability for violations of the law for businesses that fail to provide mandatory information necessary to identify the online store as a business entity, and so on.

The sixth is harmonizing Ukrainian legislation with EU norms by signing the Agreement on Conformity Assessment and Acceptability of Industrial Products with the EU (ACAA – the industrial visa-free regime), recognizing the equivalence of the system of registration of feed additives in Ukraine and the EU.

The seventh is developing ways to support Ukrainian exporters in international markets. For example, by introducing a national report on the level of greenhouse gas emissions during the production and circulation of crops (in particular, corn and rapeseed) for its further processing into biofuels in EU countries; expanding cooperation with China – opening of the market for agricultural products exported from Ukraine to China. Particular attention should be paid to maintaining the competitiveness of Ukrainian importers in the EU given the upcoming introduction of the Carbon Border Adjustment Mechanism (CBAM). And by negotiating opportunities to mitigate the operation of this tool for Ukraine and involving business in consultations.

The eighth is digitalizing information and public services through the issuance of electronic warranty cards, accession to the international e-system of phytosanitary certificates, transfer of grain warehouse documents in electronic form, the launch of a full procedure for registration of feed additives in Ukraine, development of e-archivation of personnel documents and more.

The ninth is creating conditions for fair competition by repealing decisions on fuel price regulation, namely, regulations on trade margins and the declaration of price changes.

The tenth is ensuring transparent regulation of sectoral issues, such as the development of regulations aimed at implementing the Law of Ukraine “On Veterinary Medicine” and the prevention of the entry into force of the law without their adoption, the enablement of private phytosanitary laboratories to conduct state testing, etc.

The Ministry of Economy is one of the key authorities that can impact the quality and progressive work of all businesses. Therefore, the community hopes that Yuliia Svyrydenko will be able to resolve priority issues for the business that are fundamental for improving the business climate in Ukraine.

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

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