Ukraine: Council and Parliament reach a deal to renew EU’s autonomous trade measures

European Council
Wednesday, March 20, 2024
The Council presidency and the European Parliament’s negotiators have provisionally agreed to renew the suspension of import duties and quotas on Ukrainian exports to the EU for another year, until 5 June 2025. The regulation will also include two safeguard mechanisms to protect the EU market: a strengthened version of the existing mechanism, which will apply on the basis of regular monitoring, allowing the Commission to impose any safeguard measure if specific conditions are fulfilled a new, automatic safeguard mechanism which will oblige the Commission to reintroduce tariff-rate quotas if imports of poultry, eggs, sugar, oats, maize, groats and honey exceed the arithmetic mean of quantities imported in 2022 and 2023.Next steps The European Parliament and the Council will now need to approve the provisional agreement. The European Parliament’s Committee on International Trade and the EU’s ambassadors (Coreper) will be invited to confirm the outcome of the interinstitutional negotiations later today. The Parliament’s position at first reading is then expected to be adopted at one of the April plenary sessions. The regulation is then to be adopted by the Council, signed by the representatives of the Council and the European Parliament and published in the Official Journal, before entering into force on 6 June 2024.
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