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Ukraine to boost international cooperation in aircraft industry

Ukrainian President Petro Poroshenko has signed law amendments to boost development of the international cooperation between aircraft entities and the national aircraft industry
Ukraine to boost international cooperation in aircraft industry

Ukrainian President Petro Poroshenko has signed Law No. 1475-VIII on amendments to certain legislative acts of the country with regard to the creation of conditions for international cooperation between aircraft entities and the development of the national aircraft industry, UNIAN reports.

The law was adopted by the Verkhovna Rada of Ukraine on July 14, 2016. The law is aimed at creating favorable conditions for the development of the national aircraft industry and outlines amendments to Ukraine’s laws in this regard.

It also addresses the peculiarities of state property management in a military and industrial complex and the Resolution of the Cabinet of Ministers of Ukraine on regulation of the activities of business entities created with the participation of state-owned enterprises.

The adoption of the law will help enhance competitiveness and expand production of the domestic aircraft industry. It will also help attract new technologies and investment in projects initiated by Ukrainian enterprises, while contributing to the creation of new jobs. The law comes into effect one day after its publication.