EU ADOPTS TRADE LIBERALISATION MEASURES WITH UKRAINE
On 24 May, the Council adopted a regulation allowing for temporary trade liberalisation and other trade concessions on certain products originating in Ukraine. In particular, for the period of one year, the measures will suspend the following:
- all those tariffs under Title IV of the Association Agreement between the EU and Ukraine establishing a deep and comprehensive free trade area (DCFTA) that had not yet been liberalised. The suspension covers notably: 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 collection of anti-dumping duties on imports originating in Ukraine, and
- the application of the common rules for imports with respect of imports originating in Ukraine.
After the adoption of the regulation by the European Parliament and the Council, it will be signed and published in the Official Journal of the EU, before entering into force on the day following that of its publication.
Source: EU Council