Other Ukrainian exports to the U.S. include inorganic chemicals, and rare earth metals, woven apparel, aluminum, spacecraft, launch vehicles, powered aircraft, salt, sulfur, earth and stone, and cement. Russia dominates market share with approximately 47 percent of total trade turnover with Ukraine. Non-CIS Countries Blns. Ukraine maintains a number of duties and regulations.
Duties vary according to product.
A promissory note may also be applied. Ukraine s Ministry of Foreign Economic Relations and Trade requires import licenses for many product groups. Ukraine has altered its Foreign Investment Law of 1996 and Law of Investment Activity of 1992 several times, removing certain tax breaks previously awarded to foreign investors and equalizing tax treatments between foreign and domestic investors. Yushchenko s government is committed to enhancing foreign direct investment via the privatization of large-scale, strategic enterprises in power generation, chemical production, metallurgy, and other production industries. Privatization of the state telecommunications monopoly, Ukrtelecom, is also undergoing serious debate between Parliament and the President regarding the percentage of shares to sell.