Ukraine considers revoking scrap export duty
Ukraine government is reported to be considering revoking
scrap export duty after
Ukraine-
Turkey negotiations for trade and economic cooperation which took place on February 25- 26, 2004 in Kyiv.
In the negotiations, Turkish delegation asked Ukrainian government to accelerate rescission of
scrap export duty as
Turkey is the largest importer of Ukrainian
scrap.
As previously reported by SteelOrbis back on February 10, 2004, (
New decree by Ukrainian Cabinet is an impediment for scrap exports) Ukrainian Cabinet of Ministers released a decree, which made export of
scrap impossible unless the contracts are re-registered by March 1, 2004.
That the time interval between the publication of the decree and deadline for re-registration was short put the contract holders into difficulty with respect to re-registration for their existing contracts.
Turkish contractors have suffered most from this new decree as the country is the largest importer of Ukrainian
scrap.
In line with the demand of
Turkey, Ukrainian government is reported to be evaluating the demand however certain sources report that
Ukraine will not terminate
scrap export duty until it joins World Trade Organization (WTO). Ukrainian entry to WTO is expected to be in 2004.