The European Commission has adopted a transitional mechanism for trade with Ukraine instead of “trade visa-free regime”

The European Commission has approved a transitional implementing act to replace the “trade visa-free regime”, which expires on June 6.

This was stated by the European Commission’s spokesman for the economy, budget and agriculture, Balázs Ujvari, Ukrinform reports.

According to him, the implementing act will enter into force on June 6 and will be valid until the modernization of the Deep and Comprehensive Free Trade Agreement (DCFTA), which has existed between Ukraine and the EU since 2016, is completed.

Ujvari noted that the European Commission is looking for long-term solutions. Negotiations on the renewal of the DCFTA are ongoing. “Before this happens, we, as a responsible institution, must be prepared for potential transitional measures,” he added.

The spokesman recalled that the DCFTA was introduced in 2022 after the start of Russia’s full-scale war against Ukraine. They abolished customs duties and provided Ukrainian exporters with the most favorable treatment. However, this year they were not extended – EU member states decided to switch to other mechanisms.

The European Commission emphasizes that it seeks to modernize the DCFTA to make it more relevant and sustainable.

Earlier, USM reported that the EU may extend the “visa-free trade” for steel and iron from Ukraine for three years.