European Parliament Committee approves trade preferences for Ukraine

Business in Ukraine: European Parliament Committee approves trade preferences for Ukraine

The #European #Parliament #Committee on #International #Trade approved #trade #preferences for #Ukraine. In particular, the #Committee agreed to #increase #quotas for certain Ukrainian #imports. #Import goods for which it is approved to increase the quotas include #honey, #processed #tomatoes, #wheat, #maize and #barley.

Visit our website if you are interested in the #Ukrainian_economy or #doing_business in Ukraine.Visit our website if you are interested in the #Ukrainian_economy or #doing_business in Ukraine.

On 20 June 2017, the European Parliament Committee on International Trade approved the preliminary agreements reached within the framework of inter-institutional negotiations between the EU Council and the European Commission on trade preferences for Ukraine. Before that, on 6 June 2017, the Committee of Permanent Representatives reached an agreement on the stance of the European Council on temporary autonomous trade measures for imports of certain goods of Ukrainian origin. The measures are aimed at assisting Ukrainian exporters in accessing the EU market in view of the difficult economic situation and ongoing reform process in Ukraine. The proposed quotas are supposed to be applied in addition to the trade provisions provided for by the Association Agreement between the EU and Ukraine signed in 2014. Since 1 January 2016, these provisions have been applied provisionally.

In September 2016, the European Commission proposed to increase import quotas for certain goods of Ukrainian origin. In particular, the Commission intended increasing import quotas for maize, wheat, barley, groats, oats, honey, grape juice and processed tomatoes.

On 1 June 2017, the European Parliament approved the increase in import quotas in favour of Ukraine with a few exceptions and referred the dossier back to the Committee. In particular, MEPs supported additional import quotas at zero tariff for certain Ukrainian agricultural imports, with the exception of urea.

In particular, on 20 June 2017, the International Trade Committee agreed the following yearly quotas for Ukrainian goods: honey – 2.5 thousand tonnes, processed tomatoes – 3 thousand tonnes, wheat – 65 thousand tonnes, maize – 625 thousand tonnes, barley – 325 thousand tonnes.

In return, Ukraine is obliged to respect the same principles as under the EU Association Agreement. These include respect for democratic principles and the principle of the rule of law, as well as for human rights and fundamental freedoms.

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