In accordance with the World Trade Organisation’s (WTO’s) accession procedure, Ukraine ratified the protocol on accession on 10 April and will become a WTO member 30 days after the effective date of ratification. The accession process was accompanied by the adoption of a number of laws and regulations in order to bring Ukrainian legislation in line with WTO requirements. The main changes of legislation that will come into force as of the date of Ukraine’s accession to the WTO are outlined below.
Upon Ukraine’s accession to the WTO and for five years thereafter, non-resident insurers will receive direct but limited access to the Ukrainian insurance market. In particular, Ukrainian companies will be able to obtain the following services from non-resident insurers:
