Ukraine will receive another year of preferential trade regime with the EU

27/04/2023 15:10

The Committee on International Trade of the European Parliament agreed to extend for another year the cancellation of EU import duties on Ukrainian exports in order to support the Ukrainian economy. This was reported by the press service of the European Parliament.
Current measures expire on June 5, 2023.
Thus, members of the Committee on International Trade approved the proposal to extend the suspension of import duties, anti-dumping duties and protective measures on Ukrainian exports to the EU for another year against the background of Russia's aggressive war, which limits Ukraine's ability to trade with the rest of the world.
The suspension of tariffs applies to fruits and vegetables subject to the system of input prices, as well as agricultural products and products of their processing subject to tariff quotas.
According to the Association Agreement between Ukraine and the EU, from January 1, 2023, industrial products are subject to zero duty, so they are not included in the new offer.
According to the European Commission, the EU is Ukraine's largest trading partner. The European Union accounted for 39.5% of Ukrainian trade in 2021.
Ukraine is the 15th largest trading partner of the EU, accounting for about 1.2% of the total volume of EU trade.
"I strongly support the restoration of trade liberalization measures that currently help to ensure the continuity and stability of trade in Ukraine in the face of a brutal war caused by Russia. These measures are key to strengthening Ukraine's resilience now and for the future as we work towards Ukraine's gradual integration into the EU internal market. Our solidarity with Ukraine is consistent, transparent and unwavering, which was further reinforced by Ukraine's EU candidate status. Ukraine's future is in the European Union," said Sandra Kalniete, the rapporteur of Ukraine in the European Parliament.
The draft report is planned to be voted on by all MEPs during the plenary session on May 8-11. The measure will enter into force the day after its publication in the Official Journal of the EU.

The Committee on International Trade of the European Parliament agreed to extend for another year the cancellation of EU import duties on Ukrainian exports in order to support the Ukrainian economy. This was reported by the press service of the European Parliament.

Current measures expire on June 5, 2023.

Thus, members of the Committee on International Trade approved the proposal to extend the suspension of import duties, anti-dumping duties and protective measures on Ukrainian exports to the EU for another year against the background of Russia's aggressive war, which limits Ukraine's ability to trade with the rest of the world.

The suspension of tariffs applies to fruits and vegetables subject to the system of input prices, as well as agricultural products and products of their processing subject to tariff quotas.

According to the Association Agreement between Ukraine and the EU, from January 1, 2023, industrial products are subject to zero duty, so they are not included in the new offer.

According to the European Commission, the EU is Ukraine's largest trading partner. The European Union accounted for 39.5% of Ukrainian trade in 2021.

Ukraine is the 15th largest trading partner of the EU, accounting for about 1.2% of the total volume of EU trade.

"I strongly support the restoration of trade liberalization measures that currently help to ensure the continuity and stability of trade in Ukraine in the face of a brutal war caused by Russia. These measures are key to strengthening Ukraine's resilience now and for the future as we work towards Ukraine's gradual integration into the EU internal market. Our solidarity with Ukraine is consistent, transparent and unwavering, which was further reinforced by Ukraine's EU candidate status. Ukraine's future is in the European Union," said Sandra Kalniete, the rapporteur of Ukraine in the European Parliament.

The draft report is planned to be voted on by all MEPs during the plenary session on May 8-11. The measure will enter into force the day after its publication in the Official Journal of the EU.

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