EU Extends Suspension of Import Duties on Ukrainian Farm Exports
The European Union has extended its trade liberalization measures for Ukraine, allowing the country to continue exporting agricultural products to EU member states duty-free until June 5, 2025. This extension is part of the EU's ongoing support for Ukraine amidst the Russian military invasion. Under the agreement, sensitive products such as poultry, eggs, and sugar will have import volumes monitored closely, with an "emergency brake" mechanism in place to reintroduce tariffs if imports exceed the average volumes recorded in 2022 and 2023.
The decision, while aimed at supporting Ukraine's economy, also includes provisions to protect EU markets from potential disruptions. The European Commission has been granted the authority to act swiftly—within 14 days instead of the previous 21 days—to impose restrictions if the volume of imports surpasses the established base period levels. Additionally, the EU retains the right to take any necessary measures if there is a significant disturbance to its internal market.
Economists and policymakers, including European Commission Vice President Valdis Dombrovskis, have noted the complexity of balancing support for Ukraine with the interests of European farmers. Despite the extended suspension of duties on most Ukrainian agricultural exports, the EU has reinstated customs duties on specific products such as corn, oats, groats, and honey once a set quota is reached. Wheat imports, however, will continue to benefit from the suspension of duties, subject to meeting certain conditions.
