Visiting Mykolaiv, President of Ukraine Petro Poroshenko signed the Law of Ukraine ‘On Amendments to Customs Code of Ukraine in Respect of Preservation and Development of National Shipbuilding Industry’, as reported by press service of President of Ukraine.
In particular, this Law extends the maximum aggregate term of importing duty-free products for their processing in the customs territory of Ukraine up to 730 days. It will provide additional opportunity for the national shipbuilding and shiprepair industry development and its competitiveness growth in the outer market. The Law is expected to facilitate development of Ukrainian water transport, shipbuilding and shiprepair industry and creation of new working sites due to increase of shipbuilding and shiprepair orders.
Petro Poroshenko said, “Shipbuilders addressed me with their arguments that 365-day period was too short. As concerns the production cycle, such a term is not enough for shipbuilders to manufacture the products required. I made the decision and initiated jointly with the Parliament the necessary draft law, they voted, and today I have signed the Law on Shipbuilding Support in Ukraine”.
President stated also that he had enough experience in shipbuilding, since he used to be a manager of a shipyard. He noted that the law had prescribed the 365-day term for products import and processing at shipbuilding enterprises under privileged conditions, which had facilitated import of necessary components in Ukraine, with regards to shipbuilding innovations, long-term design and construction cycle, large capital capacity of the products, so that the Ukrainian manufacturers would not block their turnover funds.
Verkhovna Rada (Supreme Council) of Ukraine approved the Law of Ukraine ‘On Amendments to Customs Code of Ukraine in Respect of Preservation and Development of National Shipbuilding Industry’ on 13 March 2018, with 250 people’s deputies voting for.