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Fresh support agreed by EU for Ukraine

Martin Banks by Martin Banks
11 May 2024
in Europe News
Ukraine’s,Future,Is,In,The,Eu,Zelenskiy,Welcomes,Granting,Of

Ukraine’s future is in the EU Zelenskiy welcomes granting of candidate status

Belgium (Brussels Morning Newspaper), Parliament and EU member states have reached a new provisional agreement on extending temporary trade measures for Ukraine.

MEPs and the Council presidency agreed on suspending import duties and quotas on Ukrainian agricultural exports to the EU for another year, until 5 June 2025, to support Ukraine.

These unilateral trade liberalization measures will, says the EU, help stabilize the Ukrainian economy and facilitate the country’s gradual integration into the EU’s internal market.

Should there be significant disruption to the EU market or the markets of one or more EU countries due to Ukrainian imports, for instance, wheat, the regulation ensures that the Commission can take swift action and impose any measures it deems necessary.

As part of reinforced safeguard measures to protect EU farmers, an emergency brake can be triggered for particularly sensitive agricultural products, namely poultry, eggs, sugar, oats, groats, maize, and honey.

Negotiators agreed to extend the reference period used as a base for triggering this automatic safeguard, meaning that if imports of these products surpass the average of import volumes recorded in the second half of 2021, and all of 2022 and 2023, tariffs would be re-imposed.

In addition, the Commission commits to step up its monitoring of imports of grain, in particular wheat. 

The co-legislators also endorsed a commitment by the Commission to discuss permanent tariff liberalization with Ukraine under the review process of the Association Agreement as soon as the legislative procedure on the temporary liberalization is completed, and to keep the Parliament closely involved in the process.

Rapporteur Sandra Kalniete, an EPP MEP, said: “The ripple effects of Russia’s relentless targeting of Ukraine and its economy are being felt by EU farmers. Under this new agreement with the Council, we have fortified safeguards to protect EU farmers in case of market turbulence sparked by Ukrainian imports.”

She added, “By extending the trade support measures for another year, this agreement is also a testament to the EU’s continued solidarity and unwavering support for Ukraine in the face of Russia’s brutal war of aggression until Ukraine’s victory.”

Related News:

  • The allies agreed that Ukraine will be a member of NATO
  • Fresh backing for Ukraine
  • EU budget deal agreed again – still pending EU leaders’ consent
  • First ever EU wide rules agreed on platform workers
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