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ARTICLE · 30 AUGUST 2024

Minimum Permissible Export Prices For Specific Goods

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On August 20, 2024, the Cabinet of Ministers of Ukraine enacted the Resolution "On Approval of the Procedure for Establishing Minimum Permissible Export Prices for Certain Types of Goods," formulated by the Ministry...

UkraineInternational Law
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On August 20, 2024, the Cabinet of Ministers of Ukraine enacted the Resolution "On Approval of the Procedure for Establishing Minimum Permissible Export Prices for Certain Types of Goods," formulated by the Ministry of Agrarian Policy and Food of Ukraine.

Key Aspects of the Resolution:

  • The Ministry of Agrarian Policy and Food of Ukraine is responsible for determining minimum export prices;
  • The main legal basis for this regulation is Article 19 of the Law of Ukraine "On Foreign Economic Activity," complemented by international guidelines under INCOTERMS (International Rules for the Interpretation of Commercial Terms);
  • The minimum export prices are to be set in US dollars per kilogram.

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