EU recommends that Ukraine revise the moratorium on round timber export, which has been in place since 2015.
The Ministry for Development of Economy, Trade, and Agriculture will review the existing restrictions on raw timber exports from Ukraine, taking into account the provisions of the Ukraine-EU Association Agreement.
That's according to a statement released by the ministry's press service.
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"The Arbitration Panel supported Ukraine's position that timber is a finite resource, while emphasizing that the established restrictions on timber exports from 2015 should be adjusted in cooperation with the EU, taking into account the provisions of the Association Agreement. Now the economy ministry is analyzing the decision in detail to determine further steps and coordination of implementation terms," the statement said.
Memo
In April 2015, the Verkhovna Rada adopted amendments to the law the sale and export of timber (regarding a moratorium on the export of raw timber and lumber).
The law introduced a 10-year moratorium on the export of these products beyond Ukraine's customs territory.