The European Parliament approved the abolition of duties for Ukraine for another year

UkrAgroConsult

The European Parliament’s Committee on International Trade has approved the extension of the EU’s import duties on Ukrainian exports for another year.

This was reported by the press service of the European Parliament.

Members of the Committee on International Trade approved the extension of the suspension of import duties, anti-dumping duties and safeguard measures on Ukrainian exports to the EU for another year.

The suspension of tariffs applies to:

• vegetables and fruits, which are subject to the system of input prices;
• agricultural products and processed products subject to tariff quotas.

“Industrial goods are subject to zero duties from January 1, 2023, in accordance with the EU-Ukraine Association Agreement, so they are not included in the new proposal,” the press service adds.

According to the European Commission, the EU is currently Ukraine’s largest trading partner. The union accounted for 39.5% of Ukraine’s trade in 2021. Ukraine, for its part, is the EU’s 15th largest trading partner, accounting for about 1.2% of total trade.

As a reminder, the European Parliament approved the suspension of all EU import duties on exports from Ukraine back in May 2022 after Russia’s full-scale invasion of our country. The decision was made to support the Ukrainian economy.

Tags: export, EU, Ukraine