The Ministry of Finance welcomes the decision of the Parliament to vote for the draft law No. 7010 with proposals submitted by the President of Ukraine.
This law will serve as a basis for the further improvement of the single-stop procedure whose implementation started in 2016 following the initiative of the Ministry of Finance.
“The use of non-tariff regulation mechanisms for foreign trade transactions is one of the factors which slow down international trade. Hence, the adoption of this law will help improve conditions for trade, reduce time consumption for export and import formalities and positively influence the attractiveness of Ukraine for investors”, said deputy Minister of Finance Sergiy Verlanov.
What’s it about?
The law provides a legal basis for the use of the single-stop procedure and the operation of the single state information portal “Single-Stop Procedure for International Trade” which, among others, has an option for the one-time upload of documents and/or information for automated exchange of information about shipments which are in the process of customs clearance.
Thus, instead of seals and stamps set by authorities on the paperwork, documents and information will be provided in electronic form and the controlling bodies will be making electronic entries in the joint database.
The law also contains other important innovations:
1. The number of controlling bodies at the border is reduced thanks to the below solutions:
• Customs officers are entitled to examine state permits which are now controlled by the State Ecology Inspection;
• Officers of the State Border Service are entitled to carry out radiology control which is currently carried out by the employees of the State Ecology Inspection.
2. The sanitary and epidemiologic conclusion required for goods moved by companies through the customs border of Ukraine is abolished.
What’s the benefit?
The single-stop procedure is one of important anti-corruption steps minimizing the human factor in decisions made by controlling bodies. It motivates them to take over European standards in state control and fosters international trade.
Presently, approximately 85% of shipments are cleared using the single-stop procedure.