BUSINESS IN BRIEF (04/23/00)

BUSINESS IN BRIEF

Canada imposes duty on steel plates

OTTAWA - The Canadian Agency for Tariffs and Duties imposed a 136 percent anti-dumping duty on steel plates made in Ukraine, Brazil, Finland, Indonesia and Thailand. For India's Sail Company the duty is 16 percent, and 36 percent for other Indian producers. Sanctions were introduced following a complaint by Canadian companies Stelco and Algoma. The dumping mark-up was set at 53 percent by the Canadian agency. Customs statistics show Ukrainian companies exported 3,571 tons of hot-rolled plate to Canada worth $1 million (U.S.) in 1999. (Eastern Economist)

Foreign trade increases over last year

KYIV - The total volume of Ukraine's foreign trade in the first two months of this year was $4.263 billion (U.S.), an increase of 23.5 percent compared to the same period in 1999. Imports were $2.389 billion (U.S.), while exports made up $1.874 billion (U.S.), reported the State Statistics Committee. There was trade with 146 countries. Ukraine's exports were as follows: to Russia, 19.8 percent; Turkey, 7.1 percent; the United States, 6.5 percent; China, 5.8 percent; Germany, 4.9 percent; Italy, 4.5 percent; Poland, 3.4 percent; Bulgaria, 2.8 percent. Imports were from: Russia, 53.8 percent; Germany, 5.8 percent; Switzerland, 4.2 percent; Turkmenistan, 3.2 percent; the United States, 2.7 percent; Belarus, 2.3 percent; and Kazakstan and Poland, 2 percent each. (Eastern Economist)

Mitsubishi dealer opens new showroom

KYIV - A new automobile showroom called Niko-Ukraina, the official distributor of Mitsubishi Motors in Ukraine, was opened in January in Kyiv. The facility includes a service center and a bar-restaurant. (Eastern Economist)

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