European Commission supports Ukraine's decision on grain exports quotas

19:53, October 27, 2010      

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The European Commission (EC) has reaffirmed the right of the Ukrainian government to quote grain exports, the country's Prime Minister Mykola Azarov said here Wednesday.

"Quoting of strategic exports, while the agiotage in the world market, is an absolutely civilized practice that is fully supported by foreign partners of the Ukraine. The EC sent a letter to the Government, which confirmed our right to impose quotas," Azarov told the Cabinet meeting.

"EC said the Ukrainian government should quickly organize transparency of the process of sharing exports quotas," the PM noted.

Earlier, Azarov said the government had sent to parliament a bill that should be considered as urgent, on introduction of auction sale of quotas on grain exports.

"We offer the operators of the grain market a transparent and fair competitive mechanism," Azarov said.

Azarov said the government will consider whether to quote the grain loaded on ships before the announcing exports quotas.

The Ukrainian government imposed quotas on grain exports on Oct.7

According to the government decision, grain exports this year will be limited to 2 million tons of corn, 500,000 tons of wheat and 500,000 tons of barley.

The quotas will be in force until the end of the year, "but could be lifted earlier," government noted.



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