EU reaffirms trade support for Ukraine and Moldova
The European Commission today has proposed to
renew the suspension of import duties and quotas on Ukrainian exports to the EU for another year, while reinforcing protection for sensitive EU agricultural products.
These
Autonomous Trade Measures (ATMs) have been in place since June 2022 and are a key pillar of the EU's unwavering support for Ukraine and its economy.
While the main objective of the ATMs is to support Ukraine, the measures are
also mindful of EU farmers' and other stakeholders' sensitivities. To this end, and considering a significant increase in imports of some agricultural products from Ukraine to the EU in 2022 and 2023,
the renewed ATMs contain a reinforced safeguard mechanism. This makes sure that q
uick remedial action can be taken in case of significant disruptions to the EU market, or to the markets of one or more Member States.
In parallel, the Commission proposes to
renew by another year the suspension of all remaining duties on Moldovan imports in force since July 2022.
The proposals will now be considered by the European Parliament and the Council of the European Union. The goal is to ensure a seamless transition from the current regime of ATMs to the new one, by the time the current regimes expires on 5 June 2024 for Ukraine and 24 July 2024 for Moldova.
@europeancommission
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