Ukraine has completed consultations on a temporary additional import duty

Ukraine has completed consultations in the WTO Committee on restrictions due to balance of payments in respect of temporary additional import duty, which was introduced by Ukraine February 25, 2015. This measure is provided in the Memorandum of Economic and Financial Policies between Ukraine and the IMF. At the previous meeting of the WTO Committee on Balance of Payments representatives of IMF said that Ukraine was forced to introduce this temporary administrative measure because of the tense geopolitical situation and the deepening economic crisis in the second half of 2014. The vast majority of WTO members acknowledged that the measures imposed by Ukraine related to the difficult situation of the balance of payments and implemented in full compliance with the provisions of the WTO agreements. Russian Federation - the only WTO member that has not joined the consensus on this issue.