The EU officially confirms the imposition of tariffs on aquatic products originating from Russia, processed in China

Published 2023년 11월 29일

Tridge summary

The European Union has confirmed that it will exclude Russian and Belarusian fishery products from its autonomous tariff quota scheme starting in January. The new regulations aim to ensure the competitiveness of the EU fish processing industry and provide European consumers with high-quality fish at reasonable prices. This decision is influenced by the deterioration of EU relations with Russia and Belarus, as well as the need to prioritize the interests of the EU fisheries sector.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Union on Monday formally confirmed that it will exclude Russian and Belarusian fishery products, including aquatic products originating from Russia, processed in China, from the next version of its autonomous tariff quota (ATQ) scheme, which will take effect in January. The proposals were first put forward in September, with the current ATQ scheme set to expire on December 31. The council unanimously set quotas for certain seafood products in 2024, 2025 and 2026 on November 27. The newly adopted regulations aim to ensure that the EU fish processing industry can continue to purchase raw materials for further processing from non-EU countries at reduced or duty-free rates. The EU relies heavily on imports to supply certain fishery products, as EU fisheries and aquaculture production currently only meets 39% of its needs. In formulating the ATQ, its potential impact on EU suppliers was considered to ensure that imported fishery products are consistent with the ...

Source: Foodmate