The European Commission is abolishing tariffs and quotas on Ukrainian exports for a year
The European Commission has proposed today to suspend for one-year import duties on all Ukrainian exports to the European Union. The proposal, which is an unprecedented gesture of support for a country at war, would also see the suspension for one year of all EU anti-dumping and safeguard measures in place on Ukrainian steel exports. The statement was published on the official website of the European Commission.
It will help alleviate the difficult situation of Ukrainian producers and exporters in the face of Russia's military invasion
“Russia's unprovoked and unjustified aggression is severely affecting the Ukrainian economy. I have been in discussions with President Zelensky on ways of supporting the economy, beyond the macro-financial assistance and grants we are providing. We both agree on the critical importance of a quick and broad import duty suspension to boost Ukraine's economy. The step we are taking today responds to this call. It will greatly facilitate the export of Ukrainian industrial and agricultural goods to the EU. We continue to stand by Ukraine in these dire times.”- European Commission President Ursula von der Leyen.
European Commission Executive Vice-President and Commissioner for Trade Valdis Dombrovskis, said: “The EU has never before delivered such trade liberalisation measures, which are unprecedented in their scale: granting Ukraine zero tariff, zero quota access to the EU market. Since the start of Russia's aggression, the EU has prioritised the importance of keeping Ukraine's economy going – which is crucial both to help it win this war and to get back on its feet post-war. These measures will directly help Ukrainian producers and exporters. They will inject confidence into the Ukrainian economy and send a strong signal that the EU will to do whatever it takes to help Ukraine in its hour of need.”