The EU will restore tariffs on Ukrainian eggs and sugar - FT

Published Jun 27, 2024

Tridge summary

The European Union is set to reinstate tariffs on Ukrainian sugar and eggs from Friday, pricing tariffs at 419 euros per ton for white sugar and 339 euros per ton for raw sugar, and an additional 30 cents per kilogram for eggs, in a move to protect its farmers using the 'emergency brake' mechanism. This decision comes after the EU's decision to remove all tariffs and quotas on Ukrainian food imports in June 2022, which led to an influx of Ukrainian goods overwhelming the local markets. The tariffs will be implemented on products that exceed the average import rates of 2022 and 2023, with oats, eggs, and sugar reaching such levels.

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Original content

The EU intends to restore tariffs on imports of Ukrainian sugar and eggs from Friday, using an "emergency brake" mechanism designed to appease the bloc's farmers. This was reported by the Financial Times newspaper. The newspaper recalled that tariffs of 89 euros per tonne on Ukrainian oats were reinstated last week until June 2025, and a similar decision on eggs and sugar is due on Friday, two people familiar with the matter said. The EU agreed to scrap all tariffs and quotas on Ukrainian food imports in June 2022, four months after a full-scale Russian invasion, to boost Kyiv's revenues and help supplies reach consumers in developing countries. But within a few months, farmers in Poland, Hungary, Slovakia and other neighboring countries complained that the surplus of Ukrainian imports was pushing them out of the market. These countries unilaterally imposed an embargo on many goods, allowing their import only for further transit, which is a violation of EU law. EU member states ...

Source: Epravda