EU Ambassadors Greenlighted Prolongation of Duty-Free Trade with Ukraine for a Year
EU's permanent representatives have agreed to prolong tariff-free trade with Ukraine for another year to support the Ukrainian economy.
According to Rikard Jozwiak, the Europe editor for Radio Liberty, EU ambassadors have now given thumbs up to prolong tariff-free trade with Ukraine by another year. European Parliament plenary to vote on it in May.
EU ambassadors have now given thumbs up to prolong tariff free trade with #Ukraine by another year. European Parliament plenary to vote on it in May.
— Rikard Jozwiak (@RikardJozwiak) April 28, 2023
The Committee on International Trade of the European Parliament greenlighted the extension of tariff-free trade with Ukraine.
Cancelling import duties, anti-dumping duties, and protective measures regarding Ukrainian exports to the EU are aimed at supporting the Ukrainian economy in times of Russia's aggressive war.
The suspension of tariffs applies to fruits and vegetables subjected to the entry price system, as well as agricultural products and processed products subject to tariff quotas.
Ukrainian industrial goods are not subject to duties from January 1, 2023, under the EU-Ukraine Association Agreement, so they are not included in the new proposal.
The current EU regulation on tariff-free trade with Ukraine expires on June 5.
The EU Council cancelled all duties and quotas (Ukr) on exports from Ukraine for a year in May last year in connection with Russia's full-scale invasion.
The European Commission approved the official proposal (Ukr) to extend autonomous trade measures for Ukraine for another year in February of this year.