The European Commission introduced tariffs on Ukrainian oats

Published Jun 19, 2024

Tridge summary

The European Commission has announced that Ukrainian oats will be imported to the EU under the tariff quota of the Deep and Comprehensive Free Trade Area (DCFTA) from June 19, 2024 to June 5, 2025. This is due to a review of the Autonomous Trade Measures (ATMs) effective from June 6, 2024, which automatically triggers for products like oats when certain import volumes are reached. The average annual imports of oats from July 1, 2021 to December 31, 2023 was 2,440.56 tons, and the quota for this period will be 4 thousand tons. If this volume is exceeded, Most Favored Nation (MFN) duties will apply until the end of 2024.

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

Original content

From June 19, 2024 to June 5, 2025, Ukrainian oats will be imported to the EU within the tariff quota from the Deep and Comprehensive Free Trade Area (DCFTA), which has been in effect since 2016 between the two parties. This is stated in the message of the European Commission. The automatic re-introduction of this tariff quota is the result of a review of the Autonomous Trade Measures (ATMs) effective from 6 June 2024. The ATM regulation provides for emergency braking for several products, including oats, which is automatically triggered if import volumes reach the average annual imports recorded between July 1, 2021 and December 31, 2023. For oats, this average volume is 2,440.56 tons. After reaching this volume, the Commission re-introduces the corresponding tariff quota with the FTA within 14 days. The quota for oats is set at the level of 4 thousand tons. As imports from the beginning of 2024 exceed this volume, MFN duties will apply until the end of 2024. The PVZVT quota will ...

Source: Agrotimes