Thursday, May 29, 2008

European Commission lifts quotas on metal products delivery from Ukraine

The European Commission cancelled quotas on the metal products supplies from Ukraine, a statement of the Economics Ministry reads.

"Metal products quotas are cancelled in frames of the agreement between Ukraine and the EU on trade in steelmaking goods," the statement says.

The restriction was removed in view of Ukraine's WTO accession.

The Cabinet of Ministers set the export quota of metal products for 2008 to the EU countries to the extent of 1,353 million tons.

In December 2005, based on the agreement between Ukraine and the EU on export licensing of particular categories of metal products to the EU countries, the Cabinet set for 2006 the export quotas of 1,000.5 million tons.

Ukraine became WTO member on May 16, 2008.