Due to exceeding quotas, the EU returned duties on Ukrainian oats

Published 2024년 6월 19일

Tridge summary

The European Union has reinstated duties on Ukrainian oats due to exceeding import quotas. From June 19, 2024, to June 5, 2025, Ukrainian oats will be imported under a tariff quota as part of the Deep and Comprehensive Free Trade Area (DCFTA). This decision follows a revision of the Autonomous Trade Measures (ATM), which includes an emergency brake on products like oats if import volumes surpass the annual average recorded between July 2021 and December 2023. The quota for oats is set at 4,000 tons, and since imports in early 2024 exceeded this volume, duties will remain until the end of 2024. Ukraine exported over 11,173 tons of oats from July 2023 to May 2024 to various countries, including the EU. Additionally, the EU has extended the duty-free trade regime for Ukraine until June 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to exceeding quotas, the European Union returned duties on oats. This is stated in the message of the Directorate General of the European Commission for Agriculture and Rural Development. “From June 19, 2024 to June 5, 2025, the import of Ukrainian oats into the EU will occur within the framework of the tariff quota from the Deep and Comprehensive Free Trade Area (DCFTA), in force since 2016 between the two parties. The automatic reinstatement of this tariff quota is a result of the revision of the Autonomous Trade Measures (ATM) effective from June 6, 2024. The ATM regulation includes an emergency brake on several products, including oats (automatically triggered if import volumes reach the annual average import volume recorded between 1 July 2021 and 31 December 2023. For oats, this average is 2440 tonnes. Once reached of this volume, the Commission will re-introduce the corresponding tariff quota with the DCFTA within 14 days,” the statement says. According to the report, ...
Source: Finance

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