The EU has extended by one year the rules on the import of Ukrainian and Moldovan products into the EU without customs duties and quantitative restrictions
The Council of the European Union has extended for another year the validity of the temporary trade regulation, according to which Ukraine and Moldova can import their products, including agricultural products, into the European Union for one more year, for the most part without customs duties and quantitative restrictions, the EU Council informed on Monday.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2024/03/europe-155191_640-300x199.png)
(Photo: Pixabay)
The suspension of import duties and quotas on Ukrainian agricultural products will remain in effect until June 5, 2025, and the suspension of import duties and quotas on Moldovan products will remain in effect until July 24, 2025. Pursuant to the new regulation, the European Commission can take urgent measures and order any measures it deems necessary, if there is a significant disturbance in the markets of the EU and member states due to Ukrainian imports, especially EU imports of agricultural products.
In addition to the extension of temporary trade liberalization measures, the EU provides protection for EU farmers
The European Commission is introducing an emergency braking mechanism for particularly sensitive agricultural products, namely poultry, eggs, sugar, oats, wheat, corn and honey. If imports of these products exceed the average of the import volumes recorded in the second half of 2021 and the whole of 2022 and 2023, the duties will be reimposed. As part of the agreement on the new rules, the European Commission promised to soon start negotiations with Ukraine on the permanent liberalization of trade.
MTI
Related news
Are synthetic meat and artificial eggs coming?
On Wednesday, the European Commission announced the registration of two…
Read more >The net sales revenue of all groups of ornamental plants increased in 2023
In 2023, according to data received as part of the…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >