KIEV, July 4 - President Petro Poroshenko has signed a law on the promotion of the used car market, which until January 1, 2019 significantly reduces excise duty on imports of such cars by individuals or legal entities under the condition of imports of one car per year, presidential spokesman Sviatoslav Tseholko said.

"The president signed the law of Ukraine on used cars in the presence of deputies of different factions," Tseholko wrote on his Twitter page.

According to him, it was also agreed the law will be amended on July 7 "to avoid abuse."