The regional council took up the problems of LuAZ

Economy · 23:01 21.12.2003

At the ninth session of the regional council, which took place at the beginning of this week, in addition to important issues relating to the life of the region, the issue of the consequences of the Verkhovna Rada of Ukraine adopting the draft law of Ukraine "On the Development of the Automotive Industry of Ukraine," which passed in the first reading, was also considered.

In the appeal of the deputies of the regional council to the Chairman of the Verkhovna Rada of Ukraine, the Committee of the Verkhovna Rada of Ukraine on Finance and Banking regarding the above-named draft law, in particular, it is noted that the draft law of Ukraine "On the Development of the Automobile Manufacturing Industry of Ukraine," which was adopted by the Verkhovna Rada on November 20, 2003 in the first reading (Resolution of the Verkhovna Rada of Ukraine dated 20.11.03 No. 1325-1U) establishes discriminatory conditions for OJSC "Lutsk Automobile Plant" and the plant will be forced to curtail its activities. The said law provides for the simultaneous existence of both an investment program approved by a resolution of the Cabinet of Ministers of Ukraine and capacities created in Ukraine even before its approval for the production of necessary components, units, and spare parts for them.

OJSC "Lutsk Automobile Plant," among other 70 percent of automobile manufacturing enterprises of Ukraine, plans to create such production capacities with the involvement of foreign investments and at the same time engage in the production and assembly of motor vehicles from imported components. The provisions of the new draft law "On the Development of the Automobile Manufacturing Industry in Ukraine" require payment of an import duty of 20 percent on engines and bodies for industrial assembly imported from countries that do not have free trade with Ukraine, and on finished automobiles in the amount of 15, 12, 10 percent, and do not stimulate investment in the development of automobile production in Ukraine.

The implementation of the customs policy in the automotive industry proposed by the said draft law will lead to the shutdown of OJSC "Lutsk Automobile Plant" with further negative consequences for the economy and social sphere of the region, the appeal of the regional council deputies states.

It was also decided to ask the people's deputies of Ukraine, when considering the draft law of Ukraine in the second reading, to exclude from the draft law provisions that are discriminatory in relation to OJSC "Lutsk Automobile Plant" and 70 percent of Ukrainian enterprises that produce and assemble automobiles.

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The regional council took up the problems of LuAZ

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