Ukraine: Safeguard agreement does not protect Italian wheat

Published 2024년 3월 20일

Tridge summary

Ettore Prandini, president of Coldiretti, has expressed concern over the recent agreement between the Commission, the Council, and Parliament that excludes wheat from the automatic safeguard mechanism, a tool that reintroduces tariff quotas when imports of certain products exceed a limit. Prandini warns this could cause market distortions, especially in the agricultural sector. Despite these concerns, Ukrainian soft wheat imports to Italy quadrupled in 2023 compared to 2021. Coldiretti and Filiera Italia will continue advocating for wheat's inclusion in the safeguard mechanism and a change in the reference period.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

“If on the one hand it is necessary to provide the right support to Ukraine, on the other the extension of the mechanism to strategic sectors of our Made in Italy such as wheat would have put a brake on the substantial exports of cereals to the EU which have contributed to fuel concerns about prices, creating distortions within the European market, in particular the agricultural one". This is what the president of Coldiretti Ettore Prandini stated when commenting on the agreement reached during the night between the Commission, the Council and Parliament which does not include wheat among the products subject to the automatic safeguard mechanism which allows the reintroduction of tariff quotas when the import of some production exceeds a certain limit. In fact, the simple commitment of the Commission itself to monitor imports of wheat and other cereals and use the tools at its disposal in case of market disturbances is considered insufficient. Thanks also to the concessions, the ...
Source: Agricolae

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