The Committee of the European Parliament approved the extension for another year of the abolition of customs duties for Ukraine
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The Committee on International Trade of the European Parliament agreed to extend for another year the cancellation of EU import duties on Ukrainian exports in order to support the Ukrainian economy.
This was reported on Thursday by the press service of the European Parliament, writes “Evropeyska Pravda”.
Members of the International Trade Committee approved a proposal to extend the suspension of import duties, anti-dumping duties and safeguard measures on Ukrainian exports to the EU for one more year amid Russia’s aggressive war, which limits Ukraine’s ability to trade with the rest of the world.
The suspension of tariffs applies to fruits and vegetables subject to the system of input prices, as well as agricultural products and products of their processing subject to tariff quotas.
Ukrainian industrial goods are not subject to customs duties from January 1, 2023 in accordance with the Association Agreement between Ukraine and the EU, so they are not included in the new proposal.
According to the European Commission, the EU is Ukraine’s largest trading partner. The European Union accounted for 39.5% of Ukrainian trade in 2021.
Ukraine is the 15th largest trading partner of the EU, accounting for about 1.2% of the total volume of EU trade.
It is expected that the permanent representatives of the member states of the European Union will hold a vote regarding the continuation of duty-free import of goods from Ukraine on Friday.
Council of the EU decided to cancel for a year all duties and quotas on exports from Ukraine last year in May in connection with the full-scale invasion of Russia.
The European Commission approved the official proposal to extend the autonomous trade measures for Ukraine for another year in February this year.
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