From the end of July, Ukraine as the other beneficiary countries will be able to export to the US, about 5,000 product items in duty-free treatment.
Such opportunities Ukraine received through theupdating program of the General System of Preferences (GSP) of the United States, which will run from 29 July 2015 to 31 December 2017.
As explained by Deputy Minister of Economic Development and Trade of Ukraine , Trade Representative of Ukraine Natalia Mykolska, program GSP applies to the most widely produsing goods, as well as large number of types of chemicals, minerals and building stone, jewelry, many types of carpets, some agricultural products and fisheries.
At the same time, Natalia Mykolska noticed that for the using of duty-free benefits treatment in the United States according to the principles of GSP system, Ukraine must demonstrate the effective protection of intellectual property rights and labor rights, while the Ukrainian companies – eligibility of the rules of origin.
“For their part importers in the United States must make an application for granting of preferences under the GSP program . According to the latest changes, they also have the right to redress of customs duties that have been deducted from them regarding the goods covered by the Act after the expiration of GSP program in July 2013” – added Trade Representative of Ukraine.
These and other positive changes in the country show that now the location of production in Ukraine will be even more profitable.
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