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ARTICLE · 28 NOVEMBER 2012

International Trade News - October 2012

Nearly 60 countries raised concerns over the "systemic and commercial" implications of Ukraine’s request to renegotiate its tariff schedule.

UkraineInternational Law

I. HOT ISSUE

Ukraine's renegotiation request raised concerns among its WTO trading partners1

Nearly 60 countries raised concerns over the "systemic and commercial" implications of Ukraine's request to renegotiate its tariff schedule at the meeting of the WTO Committee on Market Access on October 16, 2012. The group included such countries as Canada, the US, the EU, Brazil, Turkey, Korea, Japan, China and others. "The EU is of the firm opinion that the procedure under Article XXVIII of the General Agreement on Tariffs and Trade 1994 (GATT) is not meant for renegotiating a significant part of the accession commitments of WTO members," the EU Ambassador, Angelos Pangratis, told on October 3, 2012 at the General Council meeting. "The EU considers that Ukraine's request raises very serious systemic concerns as it risks undermining the credibility of members' commitments to their WTO obligations".

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