Govt forecasts growth of negative foreign trade balance

12:30, 18 March 2008
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As a result of struggle against contraband

The government forecasts growth of the negative foreign trade balance of Ukraine.

According to an UNIAN correspondent, Prime Minister of Ukraine Yulia Tymoshenko claimed this today at a session of the Council of Investors at the Cabinet of Ministers of Ukraine.

She stressed this may happen as a result of serious steps of the government aimed at struggle against contraband and fictitious export.

Yulia Tymoshenko stressed that the government has created “more or less good system for legalizing import”.

“We should realize that we will receive other foreign trade balance at the Ukrainian border. That is,  Ukraine import and export showings will be worse than before, but it will be the real picture. It does not mean that the inflows changes, it means that they merely were not legal. When the government will be criticized for growing the import volumes and reducing export volumes, I want you to know that it will merely indicate the real situation, and not the worsening of the foreign trade balance in Ukraine”, the Prime Minister Yulia Tymoshenko emphasized.

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