The formation of a
modern domestic commodities exchange is a necessary precondition for the
creation of transparent pricing and price monitoring in Ukraine. This
was discussed at a meeting on the development of commodity exchange market
headed by Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius.
by the Verkhovna Rada of
Ukraine amendments to the Tax Code of Ukraine concerning control over transfer
pricing on products that have stock quotes for transactions with related
non-resident persons registered in offshore zones require the Minister's list
of exchanges for receiving specific pricing information.
discussed problematic issues of pricing pertinency provided
by international and Ukrainian exchanges and its application in transfer pricing,
as well as the ways of the formation of a modern stock market in Ukraine.
needs exchanges that operate within market rules. It
is necessary to use international experience in the processes of exchange
trading involving such world stock exchanges as CME Group and NYSE Euronext," the Minister said.