The EU will start taxing the import of Ukrainian oats again

Published 2024년 6월 19일

Tridge summary

The European Union has reinstated duties on Ukrainian oats as of June 19 due to exceeding established quotas, according to the European Commission. Ukrainian grain exports have surpassed the allowable volume for 2024, prompting the reintroduction of tariffs until the end of the year, with quotas reopening on January 1, 2025. The emergency braking procedure for oats is activated when import volumes hit the average annual level of 2440 tons, with a quota set at 4 thousand tons. Ukraine also exports oats to countries like India, Iraq, and Turkey. Additionally, the EU has decided to increase tariffs on Russian grain imports and may restore tariffs on other Ukrainian products if their import volumes significantly exceed those of 2022 and 2023.

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Original content

Since June 19, the European Union has returned duties on oats from Ukraine due to exceeding the established quotas. This is reported by the press service of the European Commission. Since the export of Ukrainian grain from the beginning of 2024 exceeds the permissible volume, until the end of 2024, tariffs will be in effect in the most favorable mode. The quota will be available again from January 1, 2025. The current regulation contains an emergency braking procedure for a number of products, including oats, which is automatically triggered if import volumes reach the average annual level registered between July 1, 2021 and December 31, 2023. It is reported that for oats this average indicator is 2440 tons. After reaching this volume, the EC re-introduces the tariff quota within 14 days in accordance with the free trade agreement. The quota for oats is set at the level of 4 thousand tons. In addition to the EU, Ukraine exports oats to India, Iraq, Libya, Morocco, South Africa, ...

Source: Epravda