Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

EU negotiates one more Ukraine trade extension, imposing new restrictions

The current agreement set to expire on 5 June 2024.
EU negotiates one more Ukraine trade extension, imposing new restrictions
Combine harvester harvests ripe wheat. agriculture. Photo: Depositphotos
EU negotiates one more Ukraine trade extension, imposing new restrictions

Negotiators from the European Council and Parliament have provisionally agreed to extend the freeze on import duties and quotas on Ukrainian exports to the EU until June 2025, replacing the existing deal expiring on 5 June 2024. The new agreement, announced by the Belgian EU presidency, includes additional restrictions.

As reported by Radio Svoboda, the negotiators agreed on the decision under the condition that quotas and duties will be implemented based on the volumes of Ukrainian product imports not only in 2022 and 2023 but also in the second half of 2021. This compromise was reached with countries such as France and Poland, which demanded the inclusion of the entire year 2021 in the calculations when Ukrainian import volumes were significantly lower.

The extension of the special regime will include additional safeguards on products considered “sensitive,” such as poultry, eggs, sugar, oats, maize, groats, and honey. These products will be subject to tariffs if their flows exceed the average volumes of the past three years.

The deal will also facilitate the application of “remedial measures” by member states in case of market turmoil, a vague term that opens the door for national bans. It is estimated that these adjustments will result in Kyiv losing approximately €330 million per year.

The compromise aims to balance support for Ukraine with the protection of EU agricultural markets. The European Parliament must reapprove the decision, as it differs from the previously agreed version, with the last plenary session before the elections taking place in April.

If ultimately approved, this extension of free trade will be the final one. During a summit in Brussels last week, EU leaders tasked the Commission with “preparing a solution in the framework of the EU-Ukraine Association Agreement,” which has been in force since 2017.

In June 2022, the EU removed all remaining tariffs and quotas on Ukrainian imports to facilitate transit via land routes and ensure consistent revenue. However, this special regime led to a surge in Ukrainian cereals across neighboring countries, triggering protests from local farmers.

A week ago, the European Parliament voted on a previously agreed compromise regarding the extension of the duty-free trade agreement with Ukraine. However, due to opposition from a group of countries led by Poland and France, it was rejected. To develop a new compromise, EU ambassadors convened three times.

Read more:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Premium journalism from across Europe.
    • Tailored to your needs, translated into English.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts