X
XLinkedinWhatsAppTelegramTelegram
0
Read this article in:

EU reaffirms trade support for Ukraine

The Commission has proposed to renew the suspension of import duties and quotas on Ukrainian exports to the EU for another year, while reinforcing protection for sensitive EU agricultural products.

1 February 2024
X
XLinkedinWhatsAppTelegramTelegram
0

These Autonomous Trade Measures (ATMs) have been in place since June 2022 and are a key pillar of the EU's unwavering support for Ukraine and its economy. The measures help alleviate the difficult situation faced by Ukrainian producers and exporters as a consequence of Russia's unprovoked and unjustified war of aggression.

While the main objective of the ATMs is to support Ukraine, the measures are also mindful of EU farmers' and other stakeholders' sensitivities. To this end, and considering a significant increase in imports of some agricultural products from Ukraine to the EU in 2022 and 2023, the renewed ATMs contain a reinforced safeguard mechanism. This makes sure that quick remedial action can be taken in case of significant disruptions to the EU market, or to the markets of one or more Member States.

In force since 4 June 2022, the ATMs for Ukraine have had a clear positive effect on Ukraine's trade to the EU. Together with the Solidarity Lanes, the ATMs have ensured that trade flows from Ukraine to the EU have remained remarkably stable in 2022 and 2023, despite the major disruptions caused by the war and against the general trend of a decrease in Ukraine's trade overall. Total EU imports from Ukraine amounted to €24.3 billion in the 12 months to October 2023 compared to pre-war levels in 2021 of €24 billion.

January 31, 2024/ EC/ European Union.
https://ec.europa.eu/

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list pig333.com in 3 minutes

Weekly newsletter with all the pig333.com updates

Log in and sign up on the list

Related articles