Ukrainian Politics, Economics

 NSDC intends to liberalize foreign trade for domestic arms manufacturers soon

The National Security and Defense Council of Ukraine (NSCD) intends to liberalize foreign trade for domestic arms manufacturers in the nearest future.

NSDC Secretary Oleksandr Turchynov said speaking at the 10th National Expert Forum in Kyiv, Censor.NET reports citing the press service of the agency.

According to the official, the share of privately owned companies in the total volume of arms production is constantly growing while "over 50 percent of the State defense order is currently fulfilled by private companies."

"The NSDC is getting ready to take a decision to liberalize foreign trade in the nearest future. It would allow all manufacturers of military hardware and weapons, regardless of whether they are state or privately owned, to directly export their products without the mediation of the specialized state-run companies. We will allow the manufacturers of military hardware and arms to import military products necessary for their in-plant use and give permision to the private companies having direct dealerships with foreign arms producers to import goods to Ukraine. We are lifting all restrictions on direct contracts on procurement of foreign weapons to our law enforcement agencies if the domestic producers fail to meet these needs," he said.

"This is a major step that will significantly strengthen our defense capability and give a powerful impetus to the development of the defense industry," Turchynov stressed.

"Liberalization is an important trend for the development of the defense industry. However, liberalization of foreign economic activity does not imply a reduction of strict export control and compliance of our actions with all international commitments undertaken by Ukraine," the NSDC secretary said.

"We are also willing to request the parliament to lift ban on privatization and investment of our state-owned defense enterprises. We also seek that our major investors will be from among our strategic partners-NATO members," Turchynov said.

Источник: https://censor.net.ua/en/n3070263