News

EU envoys strike new deal on Ukraine food imports

Ukraine
Regulation & Compliances
Published Mar 29, 2024

Tridge summary

European Union countries have agreed to extend tariff-free food imports from Ukraine until June 2025, with new restrictions aimed at balancing support for Ukraine amidst the Russian invasion and protecting EU agricultural markets. The revised deal, pending further discussion in the European Parliament, introduces a modified reference period for imposing tariffs on certain products like poultry and sugar, to address concerns over market impact. This compromise has sparked debate among EU member states and farming groups, highlighting the challenge of supporting Ukraine while safeguarding EU farmers.
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

Ambassadors from European Union countries reached a revised deal on Wednesday to extend tariff-free food imports from Ukraine – with restrictions – after some states complained the original agreement risked destabilising the bloc’s agricultural markets. The agreement now goes to the European Parliament, where diplomats expect a push to add more restrictions, as the EU wrangles over how to continue with exemptions granted in 2022 to help Ukraine’s economy following Russia’s invasion. Some EU farming groups and countries such as France and Poland had argued the measures needed to be tightened to avoid making EU agricultural products uncompetitive. Ukraine and others argue the imports have little effect on EU markets. An EU diplomat said the new deal – which would run until June 2025 – was similar to a provisional agreement struck last week but changed the reference period used to determine when tariffs on some products would be applied. The original deal stipulated that tariffs ...
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