\u00a0Given this situation, attempts to further restrict the activities of importers look inappropriate and contradict the principle of equal rules of the game in the market.<\/span><\/p>\nThe possibility of banning or restricting imports provided by the daft law undermines the basic principle of freedom of foreign economic activity, which is guaranteed by the Constitution of Ukraine and the Law of Ukraine “On Foreign Economic Activity”.<\/span><\/p>\nDraft Law No.3444 does not limit the list of such sanctions that may be applied by the Government, nor does it establish clear conditions and grounds for their introduction, validity terms, a procedure for extension or cancellation. So, it is unclear at this time whether these measures will include quotas, additional duties, licensing, or any other non-tariff restrictions, to which sectors these regulations may be applied and for what reasons, etc. Moreover, companies do not have the opportunity to appeal against the Government’s decision in court. All this gives the Cabinet of Ministers significant authority to influence foreign economic activity.<\/span><\/p>\nBusiness representatives are also convinced that before applying any restrictions, it is necessary to analyze the potential of domestic production and the possibility of import substitution without harming other businesses.<\/span><\/p>\n\t\n\n\t\t
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