The European Parliament extended duty-free trade with Ukraine for another year

At a meeting in Strasbourg on May 9, the European Parliament by a majority of votes supported the extension of duty-free trade with Ukraine for another year, starting from June 6, 2023. 537 deputies voted for this decision, 42 voted against it, and another 38 abstained.

"The aggression of the Russian Federation against Ukraine continues, so we need to continue economic support for Ukraine, which, moreover, received the status of a candidate country in June 2022. In view of this, the European Commission sent for the consideration of the European Parliament and the Council of the EU Regulatory rules that extend the measures of trade liberalization for another year, starting from the date of termination of the current measures, i.e. from June 6, 2023," the document reads.

Trade liberalization measures extended for another year provide for the temporary cancellation of all customs payments in accordance with Article IV of the Association Agreement between the EU and Ukraine, and in accordance with the rules of the Deep and Comprehensive Free Trade Area (CFTA). These rules apply to two categories of products: fruits and vegetables, which are subject to the input price control system, as well as agricultural products and their processing products, which are subject to tariff quotas.