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Business group: Kiev customs benchmark decision could spur sanctions
Journal Staff Report

KIEV, Sept. 30 – The decision of the Ukrainian government to apply average prices and benchmarks of the customs value of imported goods could be taken by the international community as the application of indicative prices, and could result in the application of trade sanctions against Ukrainian exports by other countries-members of the World Trade Organization, the European Business Association said.

"The bright example is the case of Panama with the participation of the EU, the U.S. and other countries as third parties against Columbia, which used indicative prices to define the customs value of goods," EBA Executive Director Anna Derevyanko said.




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