The Council of the European Union has adopted a decision which allows temporary liberalization of trade and other trade concessions for certain Ukrainian goods.
This is stated in a statement on the Council's website.
"This means that for one year no import duty will be paid on all Ukrainian exports to the European Union. Thanks to these measures, the EU will be able to significantly support the Ukrainian economy," the statement said.
Brussels noted that Russia's war of aggression against Ukraine has had a devastating impact on the country's production capacity, transport infrastructure and access to the Black Sea, as well as greater trade opportunities with the rest of the world.
Today's decision will be in effect for one year and will suspend, among other things:
- all tariffs under Title IV of the EU-Ukraine Association Agreement established by the Deep and Comprehensive Free Trade Area (DCFTA) that have not yet been liberalized. The suspension includes in particular: industrial products subject to phase-out until the end of 2022, fruits and vegetables subject to the entry price system, and agricultural products and processed agricultural products subject to tariff quotas,
- recovery of anti-dumping duties on imports from Ukraine,
- application of general import rules on imports of origin from Ukraine.