Publication date: 29.05.2024
Legislation on export-import operations: key aspects
Export and import operations are an important component of international trade and economic activity. Legislation governing these transactions provides a legal framework for trade between countries, protecting national interests, supporting exporters and importers, and promoting compliance with international standards. Let us consider the main aspects of the legislation on export-import operations.
Main regulatory acts
Laws of Ukraine
- The Law of Ukraine "On Foreign Economic Activity": The main law regulating foreign economic activity, including export and import operations. It defines the principles, legal and organizational framework for foreign economic activity.
- The Law of Ukraine "On Customs Tariff of Ukraine": Establishes customs tariff rates for goods imported into Ukraine.
- The Law of Ukraine "On International Treaties of Ukraine": Regulates the procedure for the conclusion, execution and termination of international treaties of Ukraine.
Resolutions of the Cabinet of Ministers of Ukraine
Resolutions of the Cabinet of Ministers of Ukraine detail the procedure for certain export and import operations, licensing, quotas, customs clearance, etc.
Orders of the Ministry of Economy of Ukraine
Orders of the Ministry of Economy establish rules and procedures related to export-import operations, including licensing and certification. You may be interested in the following articles: legal advice, legal advice, analysis of documents, legal analysis of the situation, written advice, verification of documents by a lawyer, lawyers documents, online legal advice, online lawyer, legal opinion, legal opinion of a lawyer, lawyer online.
Key aspects of export and import operations
Licensing and quotas
Certain products may require export or import licenses and may be subject to quotas. Licensing is carried out in accordance with Ukrainian legislation and international agreements.
- Licenses: Issued by the Ministry of Economy or other authorized bodies. Licenses can be one-time, general or for a certain period of time.
- Quotas: Established on the basis of international agreements or to protect national interests. Quotas can be quantitative or value-based.
Customs regulation
Customs regulation includes the application of customs tariffs, customs procedures and goods declaration requirements.
- Customs tariffs: Established in accordance with the Law of Ukraine "On Customs Tariff of Ukraine" and may depend on the country of origin.
- Declaration: All imported or exported goods are subject to customs declaration. The declaration must contain information on the type, quantity, value and country of origin of the goods.
Currency regulation
Currency transactions related to export-import transactions are subject to control in accordance with the Ukrainian legislation on currency transactions.
- -Currency control: Enforced by the National Bank of Ukraine and other authorized bodies. Control is exercised to prevent illegal currency transactions and ensure currency stability.
- -Settlements: Settlements for export and import transactions may be made in foreign currency or in the national currency, depending on the terms of the contract and legal requirements.
