EU Extends Trade Support to Ukraine Amid Russian Conflict
Source: The DairyNews
In Europe, the Parliament and the Council have reached a preliminary agreement on extending trade liberalization measures for Ukraine in the face of Russia's aggressive war.
This was reported by the European Parliament website.
The temporary suspension of import duties and export quotas on Ukrainian agricultural products to the EU will be extended for another year until June 5, 2025, to support Ukraine in the face of Russia's ongoing aggressive war.
"The Commission may take swift action and implement any measures it deems necessary if significant disruptions occur in the EU market or the markets of one or more EU countries due to Ukrainian imports," the statement said.
The resolution also provides for emergency brakes on particularly sensitive agricultural products, namely poultry, eggs, and sugar. MEPs have succeeded in expanding this list to include oats, corn, cereals, and honey. They have also secured firm commitments from the Commission to take action in the event of a surge in Ukrainian wheat imports. The baseline period for the emergency brake will be 2022 and 2023, meaning if the import of these products exceeds the average volumes of these two years, tariffs will be reintroduced. EP negotiators have also ensured that the Commission will act faster – within 14 days instead of 21 – if trigger levels for automatic safeguards are reached.
"The agreement strengthens the EU's steadfast commitment to support Ukraine in the face of Russia's brutal war until Ukraine's victory. Russia's targeting of Ukraine and its food production also affects EU farmers. Parliament heard their concerns and reinforced protective measures that would alleviate pressure on EU farmers if they are overwhelmed by a sudden surge in Ukrainian imports," the statement said.
The Parliament and the Council must now give final approval to the temporary agreement. The suspension period expires on June 5, 2024. The new rules will take effect immediately after this date.
The temporary suspension of import duties and export quotas on Ukrainian agricultural products to the EU will be extended for another year until June 5, 2025, to support Ukraine in the face of Russia's ongoing aggressive war.
"The Commission may take swift action and implement any measures it deems necessary if significant disruptions occur in the EU market or the markets of one or more EU countries due to Ukrainian imports," the statement said.
The resolution also provides for emergency brakes on particularly sensitive agricultural products, namely poultry, eggs, and sugar. MEPs have succeeded in expanding this list to include oats, corn, cereals, and honey. They have also secured firm commitments from the Commission to take action in the event of a surge in Ukrainian wheat imports. The baseline period for the emergency brake will be 2022 and 2023, meaning if the import of these products exceeds the average volumes of these two years, tariffs will be reintroduced. EP negotiators have also ensured that the Commission will act faster – within 14 days instead of 21 – if trigger levels for automatic safeguards are reached.
"The agreement strengthens the EU's steadfast commitment to support Ukraine in the face of Russia's brutal war until Ukraine's victory. Russia's targeting of Ukraine and its food production also affects EU farmers. Parliament heard their concerns and reinforced protective measures that would alleviate pressure on EU farmers if they are overwhelmed by a sudden surge in Ukrainian imports," the statement said.
The Parliament and the Council must now give final approval to the temporary agreement. The suspension period expires on June 5, 2024. The new rules will take effect immediately after this date.
23.09.2024
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