EU ambassadors agreed on the continuation of trade liberalization with Ukraine
Ukraine
Regulation & Compliances
Market & Price Trends
Published Mar 29, 2024
Tridge summary
On March 27, EU member states' ambassadors reached a consensus to extend trade liberalization measures with Ukraine, incorporating quotas and duties based on import volumes from the latter half of 2021 through 2023. This strategic move aims to support Ukraine while safeguarding the EU's agricultural sector, particularly impacting sensitive products like poultry, eggs, sugar, and cereals. The agreement, achieved after negotiations with countries including France and Poland, introduces an emergency brake mechanism for these products. The decision, which modifies the European Parliament's earlier agreement, now awaits its re-approval.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
On March 27, the ambassadors of the EU member states agreed to extend the liberalization of trade with Ukraine on the condition that quotas and duties will be introduced based on import volumes not only in 2022 and 2023, but also in the second half of 2021. This is a compromise agreement with, in particular, France and Poland, which demanded that the entire year 2021 be included in the calculations, reports APC-Inform with reference to Radio Liberty. "The base period used to activate the safeguard mechanism will be extended to the second semester of 2021. The Commission will also strengthen some of the wording in its declaration... This is a very delicate balance that member states could reach today in a fine spirit of compromise," he told reporters. in Brussels, on condition of anonymity, an official familiar with the course of discussions. Emergency braking is also foreseen for particularly sensitive categories of agricultural products - poultry meat, eggs, sugar, oats, corn, ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.