The Verkhovna Rada of Ukraine (Parliament) during the meeting on August 15, 2022, supported the draft law, which introduces the necessary changes for concluding a “customs visa exemption” with the European Union.
Source: Yaroslav Zhelezniak, first deputy head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy
Law No. 7420 provides for the accession of Ukraine to the Convention on the Common Transit Procedure (NCTS) and involves simplified access of Ukrainian products to the EU market.
“Customs visa exemption” will allow Ukrainian businesses to use the following simplifications:
- one transit declaration and one guarantee for the movement of goods between 36 countries (with EU countries and also with Great Britain, Turkey, Serbia, North Macedonia, Iceland, Norway, Liechtenstein and Switzerland).
- authorized enterprises will be able to send and receive goods at their enterprise without going to customs terminals;
- Ukrainian financial guarantees will be valid in another 35 countries of the world.
It is expected that customs visa-free will work from October 1.
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