Compulsory registration of exchange contracts on grain exports has been cancelled

On the Government Portal was published Cabinet of Ministers of Ukraine Regulation dated October 31, 2012 № 1079 “On Amendments and ceasing to be void of some resolutions of the Cabinet of Ministers of Ukraine on registration of contracts.”

This Regulation leaves the past procedure of mandatory registration and signing international contracts for export of agricultural products to the agricultural exchange market. The latter had of a formal nature and was an additional financial burden for traders who in turn shifted burden on the shoulders of domestic producers by artificially understating the purchase price.






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