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EU deal to extend trade support for Ukraine with safeguards for farmers

European Parliament and Council reached a provisional agreement on extending trade liberalisation measures for Ukraine.

22 March 2024
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The temporary suspension of import duties and quotas on Ukrainian agricultural exports to the EU will be renewed for another year, until 5 June 2025, to support Ukraine amidst Russia’s continuing war of aggression.

The Commission can take swift action and impose any measures it deems necessary should there be significant disruption to the EU market or the markets of one or more EU countries due to Ukrainian imports.

The regulation also provides for an emergency brake for particularly sensitive agricultural products, namely poultry, eggs, and sugar. MEPs secured the expansion of this list to include oats, maize, groats and honey. They also attained firm commitments from the Commission to take action if there is a surge of Ukrainian imports of wheat. The reference period for triggering the emergency brake will be 2022 and 2023, meaning that if imports of these products surpass the average volumes of these two years, tariffs would be re-imposed. EP negotiators also ensured that the Commission would act faster - within 14 days instead of 21 days - if trigger levels for the automatic safeguards were reached.

Parliament and Council will now both have to give their final green light to the provisional agreement. The current suspension expires on 5 June 2024. The new regulations should enter into force immediately following this expiration date.

March 20, 2024/ European Parliament/ European Union.
https://www.europarl.europa.eu

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