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EU Extends Suspension of Import Duties and Quotas for Ukrainian Exports

EU Extends Suspension of Import Duties and Quotas for Ukrainian Exports

The European Council recently voted to extend the free trade regime for another year, enabling the Autonomous Trade Measures with Ukraine to continue until June 5, 2025. These measures suspend import duties and quotas on Ukrainian and Moldovan exports to the EU. In response to the Poland-Ukraine border crisis, the EU has introduced two safeguard mechanisms to protect its market from potential disruptions due to increased imports.

Following Russia’s invasion of Ukraine in 2022, Ukraine faced challenges in exporting grain products through the Black Sea. This prompted alternative transportation methods until a grain corridor at sea was reopened in late 2023. Meanwhile, protests in Poland over Ukrainian food imports and border restrictions have impacted regional economic growth, as highlighted in the International Monetary Fund’s recent report on Europe.

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