Ukraine tries to avoid US sanctions
Published:
9 January 2002 y., Wednesday
In an attempt to lift US sanctions against Ukraine, the country's president and the prime minister has asked the parliament to pass a draft law on compact disk (CD) production.
The US imposed sanctions, coming in force on 23 January, on goods from Ukraine over its failure to fight copyright piracy.
The row centres on the unauthorized production in Ukraine of compact discs (CDs) and optical media products - including CD-ROMs and DVDs - which is estimated to cost American businesses about $75m per year. To compensate for these losses, the US imposed punitive tariffs on Ukrainian imports of metals, footwear and other goods last December.
Ukraine's government estimates the country may lose at least $400m annually due to the US move.
The US also threatens to dash Ukraine's hopes to join the World Trade Organisation if the country fails to protect copyrights.
Washington has been urging Kiev to crack down on copyright piracy for more than two years, but with little success.
The US says Ukraine is one of the major sources for the trade and production of unlicensed CDs. Counterfeit CDs, CD-ROMs and DVDs produced in Ukraine are available in almost all shops and markets there, as well as at some outlets in Russia, Eastern Europe and even in the UK.
Illegal production of CDs causes at least $250m to $300m a year in lost revenues to the global record industry, according to experts.
Šaltinis:
ukraine.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »