Events

10 August 2016, 14:04
Bill 2558а on Amendments to Certain Legislative Acts of Ukraine as to Deregulation in Agribusiness Passed as a Whole

Bill on Amendments to Certain Legislative Acts of Ukraine as to Deregulation in Agribusiness Passed as a Whole

On December 8, the Verkhovna Rada of Ukraine passed as a whole Bill 2558а on Amendments to Certain Legislative Acts of Ukraine as to Deregulation in Agribusiness, the authors of which were People’s Deputies: O. Mushak, O. Bakumenko, M. Kucher, O. Kulinich, S. Labaziuk, I. Miroshnichenko, V. Ivchenko, V. Kryvenko, O. Opanasenko, L. Kozachenko, S. Khlan. The Ukrainian Agrarian Association also took part in its development.

May we remind you that the main provisions of the Bill stipulate the following:

  1. Cancellation and/or limitation of 22 licensing procedures and requirements for economic activities, which will significantly facilitate entrance to the market of new economic entities, increase production profitability and reduce retail prices for food products;
  2. Limitation of authority of certain state agencies on performing functions of state control which along with p.1 will considerably reduce administrative costs for agrarians;
  3. Simplification of procedures for registration of certain fertilizers which will significantly reduce their price in Ukraine and, as a result, will increase the profitability of crop growing;
  4. Mitigation of corruption risks related to licensing procedures;
  5. Improving economic attractiveness of agribusiness of Ukraine and Ukraine's standing in international rankings of economic freedom.

The Bill takes into account standpoints of civic organizations, business representatives, experts and government bodies who have expressed their will to participate in its development. The development process was carried out in the first half of 2015. During that time, legal framework and the practice of issuance and use of 110 permits as well as a range of other agribusiness policies were analyzed.

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