EU Extends Temporary Measures To Liberalise Trade With Ukraine

Following a decision by the EU Council, the European Commission has announced that on May 13, autonomous trade measures, or duty-free Ukrainian exports to the EU with restrictions on a handful of agricultural products, were finally extended for an additional year.

On April 23, the European Parliament gave its approval to suspend import taxes and quotas for Ukraine.

The European Commission (EC) stated in a communiqué released in Brussels that the autonomous trade measures « also take into account the concerns of EU stakeholders » and are effective as of June 2022.

The revised independent trade measures include a more robust safeguard system in light of this, as well as the notable rise in the EU’s imports of specific Ukrainian agricultural products in 2022 and 2023. According to the text, this enables prompt corrective action in the event that there are major disruptions to the EU market or the markets of one or more Member States.

Additionally, as the European Commission adds, if import quantities equal the average annual imports recorded between July 1, 2021, and December 31, 2023, an « emergency brake » for eggs, poultry, sugar, oats, maize, cereals, and honey will be automatically triggered.

source: ec.europa.eu

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