Verkhovna Rada passed bill N9241 for increasing customs duties from 1 January 2013

Verkhovna Rada passed bill N9241 for increasing customs duties from 1 January 2013 up to the maximum level in accordance with Ukraine's WTO commitments.

Even after correcting the document still provides changes in customs rates for nearly 100 codes. Among these codes are minerals (group 25-26), organic and inorganic chemistry (29, 31.32, 34, 35, 37), rubber (40) and plug (45), building materials (68-70) metallurgical products (71-73 and 82) and engineering (84-90).

How the increase of import duties will influence on the domestic market price of the goods is not commented. They appeal that prices are formulated by demand and supply of goods in the market.