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The media named Ukraine’s possible losses from a trade compromise with the EU

Photo: slovoidilo.ua (illustrative photo)

Ukraine opposed EU innovations, which were supported by individual EU states, particularly Germany, the Netherlands, Finland, the Baltic countries, and Luxembourg.

The Council of the European Union has updated the draft agreement that provides for the continuation of duty-free trade with Ukraine, which will entail significant losses for our country. Radio Liberty writes about this with reference to its sources in EU diplomatic circles.

According to the publication, the requirements of Poland and France are partially taken into account – the base period has been updated, which will be taken into account when determining the volume of supplies of Ukrainian agricultural products.

“They propose to focus not only on 2022 and 2023, but also on the second half of 2021,” the publication said.

Such innovations were opposed by Ukraine, supported by individual EU states, particularly Germany, the Netherlands, Finland, the Baltic countries, and Luxembourg.

As Radio Liberty writes, the initial project, which was agreed upon in the European Parliament, assumes that the quotas for the period from June of this year will be calculated based on the volume of Ukrainian agricultural imports for 2022-2023, when the benefits is valid for this – the absence of duties and quotas.

According to EC estimates, announced at a closed meeting of ambassadors of EU member states, Ukraine will lose 86 million euros under the updated draft agreement if the second half of 2021 is also taken as a basis for calculations.

“In general, the restrictions, based on import estimates for the half of 2021, 2022 and 2023, are estimated at 331 million euro losses for the Ukrainian budget,” the publication said.

Poland and France reportedly supported the updated version of the agreement, which has gained the support of several EU countries, including Italy, Hungary, and Austria.

It was previously reported that the volume of foreign trade in Ukraine has increased. Ukraine exported the most to Poland – $649 million, Spain – $624 million, China – $504 million.

Another EU country wants to stop Ukrainian agricultural imports
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Source: korrespondent

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