The EU proposes to calculate quotas for the import of agricultural products from Ukraine in accordance with pre-war volumes

Ukraine

Regulation & Compliances

Published Mar 29, 2024

Tridge summary

On March 27, the EU reached a compromise on a trade agreement with Ukraine, adjusting import quotas for agricultural products based on 2021 levels, before the escalation of conflict with Russia. This move, aimed at addressing concerns from Poland, France, and others about the surge of Ukrainian goods via land due to sea export blockades, will see a reduction in Ukraine's agricultural exports to the EU, with estimated losses of 331 million euros. The decision awaits final approval from EU member states' ambassadors and the European Parliament, as it responds to the upcoming end of current trade liberalization measures in June 2024.

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Original content

The compromise draft of the trade agreement with Ukraine was approved by the EU on March 27. It takes into account the demands of Poland and France and foresees new quotas for the import of agricultural products, which will be calculated from the volumes of 2021, not 2022-2023, as now. Ukraine's losses due to the reduction of imports may reach 331 million euros. After the full-scale invasion of the Russian Federation into Ukraine, the EU canceled quotas and duties on the supply of Ukrainian products, but the period of validity of the trade liberalization measures ends on June 5, 2024, so a new agreement is already being worked out. Previous agreements provided for a quick reaction of the European Commission to distortions of the EU markets caused by Ukrainian products, as well as the introduction of restrictions on the import of poultry meat, eggs, sugar, oats, corn, groats, and honey from Ukraine to the EU, if the volumes of their deliveries exceed the average volumes of imports ...

Source: Graintrade