Licenses for the import of raw cane sugar into Ukraine no longer require the approval of the State Reserve

The Cabinet of Ministers of Ukraine canceled the need to obtain the approval of the State Reserve when the Ministry of Economy issues licenses for the import of raw cane sugar into Ukraine (within the tariff quota). The relevant decision within the framework of deregulation of the economy was adopted by the Government today.

Optimizing the issuance of this approval was considered by the Interdepartmental working group on deregulation headed by the First Deputy Prime Minister — Minister of Economy of Ukraine Yulia Svyrydenko and Deputy Prime Minister — Minister of Digital Transformation of Ukraine Mykhailo Fedorov.

“Reducing the regulatory burden on business is recognized as one of the key tasks of Ukraine’s economic security strategy. In order to create the most favorable conditions for the development of business and, accordingly, the economy, we must review the current instruments of state regulation and outdated instruments. And this work is carried out systematically and purposefully. Today, a decision was made to cancel one of these instruments, which does not correspond to the interests of the state, business, or society,” said Yuliya Svyrydenko.

To remind, the IWG was created by the Government’s decision on January 13, 2023 with the aim of simplifying the regulatory environment for business. The meetings are also attended by representatives of leading analytical centers, in particular BRDO. Based on the results of the IWG decisions, legislative projects will be developed, which will undergo a general approval procedure by the Central Committees, including public discussions on the proposed changes.