U.S. warns of possible Yanukovych's economic isolation

American Chamber of Commerce in Ukraine considers that the adoption of amendments to the Law "On State Support of Agriculture of Ukraine", the proposed bill number 8053, could lead to economic isolation of Ukraine said in a letter to the President of AmCham Ukraine from 23 February 2011 , UNIAN reports. The letter writers point out that the proposed changes include the introduction of state monopoly on exports of food and agricultural products, and ask the President of Ukraine Viktor Yanukovych to intervene. "Thus, the law of de jure and de facto eliminate the free market and establish a state monopoly on exports of food and agricultural products" - the letter says. In the ATP indicate that the adoption of amendments to the law in fact lead to the establishment of state control over grain markets. Besides being Ukraine's reputation and cause financial and commercial losses, these legal steps, according to the ATP would be contrary to a number of laws and legal obligation to support free trade and foreign investment that our country has assumed under the WTO and other international and bilateral treaties. Forced price cuts in the domestic market by the monopoly exporter, according to the ATP, could harm farmers and agricultural producers, jeopardize the liquidation of several thousand companies that manufacture and export of agricultural products, because they can not sell their products at fair prices. The letter also notes that the adoption of the proposed changes drastically reduce funding available for farmers and food industry, because today it provides foreign and domestic investors - the companies involved in trade and exports. In addition, caution in the ATP, possibly closing of Corporate Business Operations, which are carried out major foreign investors, even before they enter the Ukrainian market, will create a critical situation with the arrival of new foreign and domestic investment in the infrastructure development of agriculture and food industry against the State of Ukraine may be filed multibillion-dollar international claims for loss of investment and income. At the same time ATP confirms its readiness to further cooperation with the Ukrainian leadership in ensuring that free-market principles in agriculture. Letter sent on behalf of the Board of Directors of the American Chamber of Commerce in Ukraine and the companies - members of the ATP. Recall bill number 8053 "On Amending the Law of Ukraine" On State Support of Agriculture of Ukraine "MPs propose to allow the export of grain from Ukraine only gosagentu or producers. The bill proposes to determine that the export of objects of state price regulation be permitted to solely agricultural producers such objects in the volume of production and State agents for the export of objects of state price regulation. According to the document, a list of these objects defines a Cabinet annually on the results of monitoring of the agricultural market. Gosagenta for the export of such objects determines the Cabinet on the results of the competition.