Limited Access Bodes Well For The Domestic Market

BMI believes Ukraine has achieved a very well balanced compromise in the free trade agreement it signed with the EU. According to the terms of the agreement, Ukraine grants EU carmakers tariff-free access to 20% of its total market each year, which should aid in the recovery of its new vehicle sales. In 2011, 48,000 EU cars can be imported tariff-free. We believe the import ceiling is crucial as it will help protect the domestic autos manufacturing segment from foreign

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