The Council of the EU adopted a regulation that extends the suspension of all customs duties, quotas and trade protection measures on Ukrainian exports to the EU for another year, until June 2024.
This was reported in the Council of the EU.
"By renewing these measures, the EU continues to demonstrate its unwavering political and economic support for Ukraine, which is still facing unprovoked and unjustified military aggression from Russia," the statement said.
It is noted that these measures will help Ukraine maintain the stability of trade relations with the EU and support the economy in very difficult conditions.
Combined with extensive military, financial and humanitarian support, this is critical to helping Ukraine in its long-term recovery.
"Russia's unprovoked and unjustified war of aggression against Ukraine has a devastating effect on the country's economy. Restored autonomous trade measures will clearly support Ukraine and at the same time provide the EU with the opportunity to protect the internal market from a significant increase in the import of some agricultural products," said Johan Forssell, Minister of International Development and Cooperation and foreign trade of Sweden, which presides over the EU Council.
The suspension of tariffs applies to fruits and vegetables subject to the system of input prices, as well as to agricultural unprocessed and processed products subject to tariff quota restrictions. Tariffs for industrial goods ceased to operate as early as January 1, 2023 under the terms of the Association Agreement.
Now that the regulation has been adopted, it will be signed by representatives of the Council and the European Parliament and published in the Official Gazette, after which it will enter into force on June 6.