The Law of Ukraine On Foreign Economic Activity

#959-XIIfrom 16.04.1991 (the latest edition 19.04.2014):http://zakon4.rada.gov.ua/laws/show/959-12

At the lecture time every students will get individual questions on the topic worthwhile 10 points!!! in the rating system.

So, to answer the questions you need the sourсe available –

The Law of Ukraine On Foreign Economic Activities

(З А К О Н У К Р А Ї Н И Про зовнішньоекономічну діяльність)

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ABSTRACT This law sets out principles for carrying out foreign economic activities; types foreign economic activities; subjects involved therein; basic principles for state regulation of the above-mentioned activities. Article 6 of this law lays down basic requirements to agreements (contracts) concluded by subjects of foreign economic activities, and norms, which determine application of relevant laws to such agreements. Chapter II of the law (Articles 7-23) is devoted to the regulation of foreign economic activities. Article 7 sets forth purposes and methods of such regulation. It also stipulates the following legal regimes applicable to foreign subjects of economic activities: national regime, the most favorable treatment, and special treatment (or treatment of special economic zones, customs unions). Article 9 determines bodies of state regulation of foreign economic activity and their powers and authority. Article 12 of the law provides for obligatory distribution of currency earnings of subjects of foreign economic activity that are residents of Ukraine. Article 13 sets out principles of customs regulation in foreign economic activity. Article 14 governs issues arising out of making settlements by subjects of foreign economic activities and crediting thereof. Article 16 stipulates licensing and quota requirements with respect to foreign economic activities. The following types of export (import licenses) are permitted under this Article: - general; -single (individual); -open (individual); - antidumping (individual); - compensatory (individual); - special (individual). Article 17 stipulates imports and exports, which are under a ban. Chapter III of the law (Articles 24, 25) governs special legal regimes of foreign economic activities. Economic relations between Ukraine and other countries and international organizations are regulated by Chapter IV of the law (Articles 26, 27). Chapters V and VI (Articles 28-31 and 32-37 respectively) are devoted to the protection of rights and interests of subjects of foreign economic activity and state, and issues pertaining to responsibility of subjects of foreign economic activities. Chapter VII of the law is devoted to the procedure for settling disputes arising in foreign economic activity.

Exercise. Government authorities regulating foreign economic activity in Ukraine.

Please, fill in the blank the government authority by its powers concerning regulation of foreign economic activity in Ukraine.

1. _______________________________________ is authorized to conclude international treaties in accordance with the laws of Ukraine and to bring the current legislation of Ukraine in conformity with the rules established by these agreements.

2. ________________________________ creates terms and rules of financing international trade; provides foreign exchange regulation.

3. The central body of executive power on issues of economic policy in Ukraine is ________________________________________________

4. ___________________________________________ is authorized to take and introduce measures related to the foreign economic policy of Ukraine in accordance with the laws of Ukraine.

5. _______________________________________ provides monitoring the state border crossing by citizens and goods; protection from illegal export-import of goods and values; collection of customs duties.

6. _____________________________________________________ performs statistical information summary on foreign economic activity on the basis of data that are mandatory given by authorities who carries out state regulation of foreign economic activity (financial authorities, the State Customs Service, National Bank of Ukraine) and by subjects of foreign economic activity.

7. ____________________________________________________________ is authorized to maintain and use gold and foreign exchange reserves of Ukraine and other state treasures, which provide paying capacity of Ukraine.

8. _____________________________ issues licenses for exports and imports.

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Дата добавления: 2015-11-14