News

European Commissioner for the Internal Market defends the moratorium on Ukrainian imports

Ukraine
Regulation & Compliances
Market & Price Trends
Published Feb 12, 2024

Tridge summary

Thierry Breton has proposed a solution to balance the needs of Ukraine and European farmers, which includes a moratorium or 'emergency brake' on imports of 'sensitive' products like poultry, eggs, and sugar. The import volume would be limited to the average levels observed in 2022 and 2023, with customs duties reimposed beyond these levels. French President Emmanuel Macron has confirmed that these mechanisms will also apply to cereals, allowing intervention if price destabilization occurs within the EU.
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

“What we need is to find a balance and the proposed solution (a moratorium, Editor’s note) is going in the right direction,” declared Thierry Breton on LCI. “Of course, we support Ukraine. But Europe is also a balance and in this balance, there are our farmers,” he further justified. In an attempt to respond to farmers' anger, Brussels announced at the end of January for "sensitive" products - poultry, eggs and sugar - an "emergency brake" to limit the volume of imports to the average levels observed in 2022 and 2023. , levels beyond which customs duties would be reimposed. At the beginning of February, French President Emmanuel Macron affirmed that the mechanisms put in place to curb massive imports of Ukrainian poultry, sugar and eggs would ...
Source: TerreNet
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