12:53 20.12.2013

Ukraine, Russia to discuss easing some safeguard measures in trade in H1 2014

2 min read

Ukraine will consider the possibility of easing a number of safeguard measures against Russian goods in the first half of 2014.

This is in line with an action plan to settle restrictions on bilateral trade for 2013-2014 that was signed on December 17 by the countries' two economics ministers, the Russian Ministry of Economic Development told Interfax.

Ukraine is required to review current protective measures by March 1, 2014 concerning seamless steel casing pipes and oil-well tubing imports to Ukraine.

In turn, Russia intends to cooperate accepting price-quota obligations from Ukrainian suppliers who have initiated individual reviews of antidumping measures for shipments of several types of Ukrainian-made steel piping to the Customs Union. The deadline has been set for March 15. Additionally, Russia will work with the Eurasian Economic Commission in forming a final decision by April 16.

Another agreement concerns a different antidumping measure regarding imports of Ukrainian forged steel rollers, which is in effect until June 26, 2014. After this, if the decision is made to review and prolong this measure, Russia will cooperate with its Ukrainian partners concerning the regulation of steel roller imports.

Additionally, special safeguard measures on the import of Ukrainian machine-building fasteners to the Customs Union expire on March 17. If these measures are reviewed, Russia promises to pay particular attention to Ukraine's request to ease restrictions.

The same thing concerns the import of Ukrainian caramel into the Customs Union, which is permitted until July 7.

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