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

By: STA Date: 2024. 05. 13. 09:00

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.

(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