WTO / REUTERS
The General Council of the World Trade Organization (WTO) has confirmed that an additional import duty imposed by Ukraine complies with the requirements of WTO agreements, according to Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska, Interfax Ukraine reported.
"The committee report on the balance of payments with respect to consultations with Ukraine on additional import duties has been approved by the WTO General Council. The decision of the WTO General Council confirmed the compliance of the additional import duty with the requirements of WTO agreements," Mykolska tweeted, according to Interfax Ukraine,
The Ministry of Economic Development and Trade is completing the analysis of the additional import duty effect on the economy, in particular production and exports, and would submit the results to the Cabinet for consideration, according to the official.