By BRUSSELS. May 25 (Interfax-Ukraine) – The Council of the European Union has adopts renewal of temporary trade liberalisation with Ukraine and other trade concessions for Kyiv.
” The Council adopted today a Regulation which renews the suspension of all customs duties, quotas and trade defence measures on Ukrainian exports to the EU for another year, until June 2024,” the Council said in a communiqué published on Thursday in Brussels.
“The renewed Autonomous Trade Measures will unequivocally support Ukraine and at the same time they provide the EU with a way of protecting if necessary the internal market from significant increase in imports of some agricultural products,” Swedish Minister for International Development Cooperation and Foreign Trade Johan Forssell said.
According to Brussels, The measures will help Ukraine to maintain the stability of its trade relations with the EU and to keep its economy going under very challenging circumstances. “Coupled with extensive military, financial and humanitarian support, this is crucial to help Ukraine in its long-term recovery,” the European Council said.
The European Commission tabled its proposal on the renewal of temporary trade liberalisation supplementing trade concessions applicable to Ukrainian products on 23 February 2023. On 9 May, the European Parliament adopted its first-reading position by taking over the Commission’s proposal without any amendments. Now that the Regulation has been adopted, it will be signed by the representatives of the Council and the European Parliament and published in the Official Journal, before entering into force on 6 June.
