The European Commission will allow limiting the import of agricultural products from Ukraine
22.01.2024 - 15:42
The European Commission will allow countries to limit the import of Ukrainian agricultural products.
This week, the European Commission will present changes to EU trade legislation that will allow neighboring countries to limit the import of agricultural products from Ukraine, FT reports.
According to European Trade Commissioner Valdis Dombrovskis, the European Commission will propose to the European Parliament to extend the duty-free regime for exports from Ukraine until June 2025, but with reservations.
Dombrovskis said that the EU plans to control the volume of agricultural product supplies and block imports if Ukraine’s neighboring countries face a risk of price reductions.
The European Commissioner also noted that the regional impact of trade or export of Ukrainian products is distributed “very unevenly.”
As a reminder, Bulgaria, Poland, Romania, Slovakia and Hungary are asking the European Commission to return the customs duty on Ukrainian grain due to “unfair competition”.
The ministers of agriculture of five EU countries sent a letter to the European Commission with a request to take measures, because cheaper Ukrainian agricultural products are allegedly “swallowing up their export markets.”
Earlier, USM reported that the European Commission approved a 126 million euro aid program for Romania to support ports that have faced an increase in cargo since the beginning of the Russian invasion of Ukraine.
Aid will be provided in the form of grants of up to 10 million euros to logistics companies operating in Romanian ports.
