The EU extends tariff-free trade with Ukraine for one year – what are the consequences?

The Council of the European Union adopted a Regulation on 25 May 2023, which renews the suspension of all customs duties, quotas and trade defence measures on Ukrainian exports to the EU for another year, until June 2024, informed the Verkhovna Rada of Ukraine. The corresponding release was published on the website of the European Council.

By renewing these measures, the EU is continuing to demonstrate its unwavering political and economic support for Ukraine. The measures will help Ukraine to maintain the stability of its trade relations with the EU and to keep its economy going under very challenging circumstances.

The regulation adopted today will apply for a period of one year and concerns the following:

• all outstanding customs duties under Title IV of the Association Agreement between the EU and Ukraine establishing a deep and comprehensive free trade area (DCFTA). This concerns two categories of products: fruits and vegetables subject to the entry-price system, and agricultural products and processed agricultural products subject to tariff-rate quotas;
• the collection of anti-dumping duties on imports originating in Ukraine as of the date of entry into force of this Regulation;
• the application of the common rules for imports (safeguards) with respect of imports originating in Ukraine.

LIGA ZAKON