EU Council approves temporary trade preferences for Ukraine

The decision will take force at the end of September

13:21, 17 July 2017

Open source

On Monday, European Council adopted a set of temporary autonomous trade measures in favour of Ukraine. These measures should enter into force by the end of September and will apply for a period of three years. This was reported on the website page of the EU Council.

“With today's decision, we are allowing more Ukrainian products to be exported to the EU. It is our duty to support Ukraine and strengthen our economic and political ties, also in the face of the ongoing conflict on its soil." Said Sven Mikser, Minister for Foreign Affairs of Estonia, which currently holds the Council presidency.

The proposal is aimed at improving access for Ukrainian exporters to the EU market, in view of the difficult economic situation and the economic reform efforts undertaken by Ukraine.

It adds to trade provisions already introduced under an EU-Ukraine association agreement that have been provisionally applied since 1 January 2016 and that will formally enter into force on 1 September 2017.

Related: Poroshenko spoke with European Council President by phone

Today's decision is the final step necessary to formally adopt the regulation. The European Parliament adopted the text on 4 July. The text should be published and enter into force shortly after the signature of the text by the co-legislators during the EP's plenary session in September.

As it was reported earlier President of European Council congratulateв Ukrainians on implementation of visa-free regime. Visa-free regime between Ukraine and EU entered into force at midnight June 11.

Related: Klimkin informed European Council of grounds for blocking Russian websites