Tridge summary
The article discusses the implementation of emergency trade measures to protect the European Union's agricultural market from surges in imports, particularly focusing on Ukraine and its exports of oats, eggs, sugar, and other commodities. On June 6, the EU implemented emergency brakes on Ukrainian oat imports, reintroducing tariff quotas and shifting to most-favored nation duties for 2024 due to import volumes exceeding expected thresholds. Similar situations with eggs and sugar are expected to trigger these measures, while for poultry, honey, corn, and groats, the thresholds have been reached or nearly reached, raising concerns about the effectiveness of these safeguards in addressing market imbalances and ensuring fair competition. The article highlights the challenges of balancing open markets with protecting EU agricultural sectors, particularly in light of significant production cost disparities.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The trade measures in favor of Ukraine came into force on June 6 and on the 18th of this month the so-called “emergency brake” was activated for oat imports. Furthermore, this mechanism will soon be launched also for the eggs, which have reached the triggering threshold. The same could happen with sugar, which was already at the limit even before the new regulations came into force. On June 18, the European Commission adopted a regulation that allowed the activation of the automatic safeguard measure for oat imports from Ukraine from the following day (and until June 5, 2025). This “emergency brake” is activated automatically if the accumulated imports since January 1 reach the arithmetic mean of the quantities imported in the second half of 2021, in 2022 and in 2023. Specifically, Brussels indicates that the tariff quota of 4,000 tons provided for in the association agreement between the EU and Ukraine will be reintroduced. However, in this case, since the quantities imported ...
Source: Agropopular
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