Commission proposes to renew trade benefits for Ukraine for a year
Thursday, February 23, 2023
The European Commission proposes to suspend import duties, quotas and trade defence measures on Ukrainian exports to the EU for another year. This is a "continuation of the EU’s unwavering support for Ukraine’s economy", the Commission stated. The main objective of these autonomous trade measures (ATMs) is to support Ukraine, but the measures are also mindful of EU industry concerns. To this end, and considering a significant increase in imports of some agricultural products from Ukraine to the EU in 2022, the renewed ATMs contain an expedited safeguard mechanism to protect the Union market if necessary. The proposal will now be considered by the European Parliament and the Council of the European Union with a view to ensuring seamless transition from the current regime of ATMs to the new one.Click here to connect to the source of this storyClick here for more News and Views
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