The updated offline trade events will remain in effect until June 5, 2025. Additional protection mechanisms help maintain trade balance in Ukraine.
In the EU, from today, June 6, the so-called autonomous trade measures began, where all import duties and quotas for Ukrainian exports to the European market were suspended for one another year. It is reported by the European Commission.
“The suspension of import duties and quotas on Ukrainian exports to the European Union has been extended for another year following the entry into force of the regulatory rules adopted by the Council of the EU on May 13. The EU reaffirmed its commitment to stand by Ukraine and support it as long as necessary The so-called Autonomous Trade Measures (ATM) are the basis of EU support for the Ukrainian economy by providing access to the EU market on the front of Russian aggression,” the statement said.
It was noted that the updated regulatory rules for the use of AZT take into account the concerns of European workers, and contain improved protection mechanisms and the possibility of immediate termination of autonomous measures in trade in the event of an emergency on the European market regarding a certain set of goods. This list includes eggs, poultry, sugar, oats, corn, cereal and honey.
The updated offline trading events will remain valid until June 5, 2025.
The Executive Vice-President of the European Commission, European Commissioner for Trade Valdis Dombrovskis said that “the continuation of the EU’s strong economic support for Ukraine comes at an important moment, as the country faces a new This military attack is not only a gesture of solidarity and stability: they are an economic line “At the same time, they include stronger protection mechanisms in the EU’s agricultural sector, in response to the legitimate concerns raised of our farmers and member states.”
He added that additional protection mechanisms make it possible to maintain trade balance with Ukraine, while at the same time continuing to look for a long-term solution to this problem within the framework of the EU-Ukraine Association Agreement.
It was previously reported that the European Union has finally approved a “trade visa-free regime” for Ukraine.
As you know, in May 2022, the Council of the EU for the first time decided to remove all duties and quotas on exports from Ukraine for one year to support the full-scale invasion of Russia. This regime was extended in 2023.
At the same time, due to the dissatisfaction of farmers, the EU introduced temporary restrictions for certain types of agricultural products for several months in 2023, and individual countries, especially Poland, they were extended unilaterally even after cancellation at the EU level.
Source: korrespondent
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