EU extends the suspension of duties on Ukrainian exports
The suspension of import duties and quotas on Ukrainian exports to the European Union have been extended for another year, following today's entry into force of the regulation adopted by the Council on 13 May, reads a press release of the European Commission.
The EU is thereby once again living up to its commitment to stand by and support Ukraine for as long as it takes. These so-called Autonomous Trade Measures (ATMs) are a pillar of the EU's support to Ukraine's economy, providing access to the EU market in the face of Russia's relentless aggression.
The measures are also mindful of EU stakeholders' concerns and contain a reinforced safeguard mechanism and an emergency brake applies to eggs, poultry, sugar, oats, maize, groats, and honey. The new ATMs will be in effect until 5 June 2025.
Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, said: “This renewal of strong EU economic support for Ukraine comes at a pivotal moment, just as the country grapples with a renewed military onslaught. These ATM measures are not only a gesture of solidarity and stability: they are an economic lifeline. At the same time, they now include stronger safeguards for sensitive EU agricultural sectors, responding to legitimate concerns expressed by our farmers and Member States. We have struck the right balance, while we continue to work on finding longer-term solutions within the EU-Ukraine Association Agreement. In so doing, our message is clear: Ukraine's future is in the heart of the European Union.”
