Head of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk says the budgetary efficiency from the bill, which established a duty on scrap metal exports from Ukraine, is estimated at UAH 1 billion ($38.3 million) per year.
“Raw materials must remain within the country. They must be processed into finished products to create added value so that a decent European salary is paid here. We must create normal life prospects to prevent people from moving to Poland and other European countries to earn a living, destroying their families,” Halasiuk declared.
According to the official, Ukraine should not become a raw material appendage. Therefore, the third bill the Parliament has adopted, related to export duty on scrap metal, is in favor of Ukraine’s economy as a whole. According to Halasiuk, the previous bills related to import duties on scrap metal brought considerable foreign currency funds to the country both at the expense of direct receipt of duties and from payments for the Ukrainian metallurgical produce created from scrap metal.
“It’s about saving over $1.5 billion of foreign exchange earnings in the country’s export balance, which means stability of the hryvnia, avoiding price hikes, as well as jobs for Ukrainian metallurgists and industrialists,” he added. (UNIAN/Ukrainian metal)