The Verkhovna Rada will introduce new rules for grain export regulation

The new rules provide for changes in currency regulation, VAT administration and customs control procedures.

Two important blocks were added to the draft laws “on the fight against shadow export of grain and non-return of foreign currency exchange.” This was stated by Taras Vysotskyi, Acting  Minister of Agricultural Policy, “Elevatorist” writes.

The first block concerns the establishment of minimum export prices for a number of products, in particular for grain and oil crops. The second block of the law provides for the introduction of a product traceability system.

“It is necessary to create such conditions that will allow transparent companies to export without obstacles. A system must be put into operation in the state agrarian register, where there will be an attachment to each hectare, and on officially leased lands it will be possible to indicate which crop is grown there. We are currently working on a mechanism that would allow us to objectively forecast the yield. Maximum yield,” Vysotskyi emphasized.

As the official noted, the implementation of these changes will be a difficult process, but the authorities are ready for discussions.

We are talking about draft laws No. 10168-2 and No. 10169-2, which passed the first reading in the Verkhovna Rada in early April. Both bills introduce new rules for the export of agricultural products, including changes in currency regulation, VAT administration and customs control procedures.