EU Proposes Suspension of Ukraine Import Duties

The European Commission proposed on Wednesday to temporarily suspend import duties on all Ukrainian exports to support the trade flows from Ukraine to the European Union.

The commission said that the present war in Ukraine has affected the country’s ability to trade.

The commission proposed a year of suspension of all outstanding tariffs including industrial products subject to duty phase out by the end of 2022, fruits and vegetables subject to the entry-price system, and agricultural products and processed agricultural products subject to tariff-rate quotas.

The proposal has also temporarily freed Ukraine from anti-dumping duties and application of the common rules for imports with respect of imports originating in the country.

The European Commission has estimated a custom revenue loss corresponding to less than €31 million annually and anti-dumping duties at €34.6 million.

European Commission Executive Vice-President and Commissioner for Trade Valdis Dombrovskis said that the commission has never taken such trade liberation measures.

“Since the start of Russia’s aggression, the EU has prioritised the importance of keeping Ukraine’s economy going – which is crucial both to help it win this war and to get back on its feet post-war. These measures will directly help Ukrainian producers and exporters,” Dombrovskis said.

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