On December 16, the Verkhovna Rada of Ukraine passed at the second reading the law on the creation of preconditions for sustainable development and modernization of domestic industry, providing for the establishment of localization requirements when purchasing machine-building products.
Bill No. 3739 was supported by 323 MPs.
The adopted document improves the public procurement procedure for certain groups of machine-building products by establishing mandatory requirements for the localization of their production, without violating the conditions of competition in the domestic market.
In this way, it is planned to promote the development of domestic machine building as certain preferences are given to domestic producers, not foreign ones. (Ukrinform/Business World Magazine)
