The European Union (EU) and Ukraine have been agreed on a trade agreement for agricultural products. It defines new upper borders for the duty -free input of wheat, corn, honey, poultry and others. A transition agreement has been in force since the beginning of June.
In 2022, the EU had fundamentally abolished the rates for agricultural products from Ukraine. In this way the country must be supported in the war against Russia. After representatives of domestic agriculture protested against cheap competition, the duty was gradually withdrawn.
Since last year, the upper borders in the duty -free input of some products, including poultry, eggs, sugar, corn, honey and oats. The agreement went in early June. Since then, the import rates have passed from the moment before the war, from which the Ukrainian farmers benefit less.
No customs on milk powder
Now the upper borders have to rise again, but they remain under the import quantities of recent years. In the future there will be no rates for other products such as milk powder, fungi and grape juice, said EU agricultural commissioner Christophe Hansen. The details of the new agreement must first be worked out.
In 2023 and 2024, the EU imported more than half a million tonnes of sugar from Ukraine. In the two years before, the rates were only 40,000 tons. In order to get the trade agreement in operation, the consent of the European Parliament and the Council of the 27 EU countries are necessary.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
