The Government protects domestic producers
2012-11-08 12:22:44
The Government has adopted a plan providing steps to protect domestic producers. This was announced by Minister of Economic Development and Trade Petro Poroshenko during a briefing on Nov. 7.
"It's absolutely specific steps that will have a stimulating effect for the Ukrainian economy," said the Minister. It's particularly concerns import substitution program (which includes specific sectors and specific forms of implementation) and the protection of the domestic market.
As Petro Poroshenko has explained, the mentioned plan provides improving the regulatory framework to support domestic producers, provides establishment necessary conditions for the modernization of Ukrainian industry, there are paid attention especially to the development of industrial parks that would allow to engage investors in already established national parks, creating favorable conditions for them, beginning with the development of networks and completing more preferential tax treatment for new investments.
These plans are clearly defined in terms - their performance will be extended to the first half of 2013. A separately, Petro Poroshenko emphasized there should soon begin work on measures promoting deregulation and would prevent pressure from regulatory and law enforcement agencies.
The Minister admitted there has been slowing for some economy sectors, however, he pointed the growth in trade.
Petro Poroshenko further added the Ministry is now working on the revision of macroeconomic indices of Ukrainian economy. According to the Minister, we don't reach planned 3.9% of GDP despite a positive point - the rate of inflation is zero for October.
"The GDP forecast is lower against planned 3.9%, along with a sharp decline of projected rate of inflation, this will lead to a decrease in nominal GDP for the year, therefore, to a decrease in base from which to start the next 2013. All of these factors will be considered in budget planning. Now we deal with it, and next week finally worked out forecast is to be submitted at the Government meeting.
Basic indicators for 2013 - 3.5%," said Petro Poroshenko. "If we take all the measures, a figure 3.5% will be reached completely really, this is consistent with the IMF experts’ opinion," added Minister of Economic Development and Trade.