Ukraine: Ministry for Development of Economy to create the working group on implementation of the law on land market

Source

APK-Inform

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The Ministry for Development of Economy, Trade and Agriculture of Ukraine started creating the working group to realize the draft law #2178-10 "On amendments to certain legislative acts of Ukraine regarding the agricultural land turnover", which was adopted by the Verkhovna Rada as it stands, declared the press-service of the Ministry, on March 31.

It is very important that the political forces managed to provide consensus, add additional safeguards to the draft law, and open a new page in the Ukrainian history. To date, the main task of the authorities is to prepare for the further opening of the land market, and create all necessary conditions for farmers to get access to credit resources, prevent raider-related crimes, and establish the required rules to create new jobs in the land market industry, as well as developing of the agricultural sector. Therefore, the Ministry started consulting with agrarians and creating the special working group on implementation of the law, said the Minister for Development of Economy, Ihor Petrashko.

Also, the Minister reminded that the law provides the gradual imposition of the turnover of agricultural land. Thus, in the period from July 1, 2021, to January 1, 2024, only physical entities — the citizens of Ukraine — can become the buyers of agricultural land. And since January 1, 2024, legal entities will also be able to purchase agricultural land.

In addition, the law provides the ban on the sale of agricultural land of state-owned and municipal property, and the land will remain the state strategic reserve.

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