The Committee of the European Parliament approved the extension of the cancellation of customs duties for Ukraine for another hour
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The Committee on International Trade of the European Parliament agreed to extend for another hour the cancellation of EU import duties on Ukrainian exports. This was reported by the press service of the European Parliament.
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Members of the International Trade Committee approved a proposal to extend the suspension of import duties, anti-dumping duties and protective measures on Ukrainian exports to the EU for one more hour against the background of Russia’s aggressive war, which limits Ukraine’s ability to trade with the rest of the world.
The suspension of tariffs concerns fruits and vegetables for which the system of input prices is extended, as well as agricultural production and products of its processing, which are subject to tariff quotas.
Ukrainian industrial goods are not subject to 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.
Source: Ministry of Finance
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