EU's trade preferences for Ukraine to enter into force on October 1

Source : 112 Ukraine

Preferences for some kinds of goods are introduced for up to 3 years
19:10, 30 September 2017

112 Agency

The Official Journal of the European Union published a decision on the introduction of autonomous trade preferences for Ukraine for a period of 3 years. The text of the decision is published in the Official Journal of the EU.

It is reported that the decision comes into force the day after the publication in the journal, that is October 1, 2017. According to the text of the decision, preferences are introduced for up to three years, as an addition to the Deep and Comprehensive Free Trade Area Agreement.

It is noted that the EU regulation provides additional zero tariff quotas for Ukrainian honey - 2,5 thousand tons, corn and flour from it - 650 thousand tons, barley and flour from it - 350 thousand tons, wheat and flour - 65 thousand tons. In addition, a quota is added for barley, oats, processed tomatoes and grape juice.

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We recall, on September 13 in the European Parliament signed a decision on granting Ukraine additional trade preferences. The document was signed by President of the European Parliament Antonio Tajani and Deputy Minister for European Affairs of the EU Presidency Matti Maasikas.

Earlier it was reported that the European Parliament on June 1 supported the proposal of the European Commission to increase tariff quotas for a number of Ukrainian goods. Trade preferences are granted to Ukraine within the framework of the DCFTA - part of the Association Agreement temporarily applied since January 2016. Part of the agreement provides for mutual opening of markets for goods and services, but the EU reduces and eliminates duties faster. In view of Ukraine's economic difficulties and its efforts to reform the EU will offer Kiev additional new trade concessions.

The Council of the European Union also expressed support for the introduction of temporary trade preferences for our country.

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