Ukraine-EU Customs Agreement Comes into Effect
2 Pages
English
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Ukraine-EU Customs Agreement Comes into Effect

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Learn all about the services we offer
2 Pages
English

Description

Ukraine-EU Customs Agreement Comes into Effect PR Newswire KYIV, Ukraine, June 26, 2012 KYIV, Ukraine, June 26, 2012 /PRNewswire/ -- U k r a i n e and the EU begin cooperation in information exchange and risk management as the joint framework cooperation strategy

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Ukraine-EU Customs Agreement Comes into
Effect
PR Newswire
KYIV, Ukraine, June 26, 2012
KYIV, Ukraine
,
June 26, 2012
/PRNewswire/ --
Ukraine
and the EU begin cooperation in information
exchange and risk management as the joint framework
cooperation strategy regarding customs comes into
force. The First Vice Prime Minister of Ukraine Valeriy
Khoroshkovskyi informed about the initiative to create
the bilateral working group to implement the
agreement.
The new plan of EU-Ukraine cooperation - Strategic Framework for Customs
Cooperation - will contribute to the quality of bilateral trade relations, as well as
help protect the citizens of both parties against customs fraud. The strategy
features four components: reform of customs control, preparation of the
expansion of the transit system, institutional development, and customs
information exchange.
In May of 2012, the EU and
Ukraine
reached political agreement over the
document. The draft of the document was first submitted to the EU in July of
2011.
Customs cooperation of the EU and
Ukraine
for 2011-2013 includes three
priorities. The first priority is the creation of safe and smooth conditions for
trade. Namely, the sides aim to speed up all customs proceedings, integrate
border control, and improve border infrastructure.
The second priority of Ukraine-EU customs cooperation is the introduction of
the effective analysis system of customs violations. This is to be done through
information exchange between the parties. The third priority is the
modernization of
Ukraine's
customs service, including fight against corruption,
simplification of procedures, and introduction of up-to-date standards in the
customs service.
Recently, in an effort to improve customs system,
Ukraine
introduced a more
elaborate and transparent VAT return system, as well as simplified its customs
procedures. As part of
Ukraine's
efforts to implement international standards,
including European, into its customs legislation, in March of 2012 the Ukrainian
parliament adopted a new Customs Code of
Ukraine
.
The EU customs and logistics experts participated in the preparation of the
code. Among the most valuable innovations, introduced by the document, is the
right of entities of foreign economic activity to be subjected to customs
processing at any customs body.
The code regulates the enforcement of time limit in customs control procedure
performance, prohibits customs authorities to confiscate goods and vehicles, as
well as strips customs authorities of the right to execute court rulings
independently. The new code features the exhaustive list of documents one is
required to submit at customs.