Sunday, June 3, 2007

Ukraine and WTO agree on state support for agricultural sector in transition period

Ukraine and the WTO have agreed upon the state support for agriculture during the transition period, sources with the Ukrainian Agrarian Confederation say.

According to the agreements, which were reached at informal talks in Geneva, as the basis for calculations of budgetary donations to agriculture the period between 2004 and 2006 will be regarded. Thus, state support for agriculture will reach 1.7 bn. USD annually.

By way of commenting on the agreements, President of the Ukrainian Agrarian Confederation Leonid Kozachenko noted that this level of the state support is quite expedient.