On January 31, the European Commission proposed to extend the suspension of import duties and quotas on Ukrainian export to the EU for another year, while simultaneously enhancing the protection of sensitive EU agricultural products.

The EC considers the continuation of the liberal regime of trade relations an obligation to support Ukraine in times of a full-scale war.

The European Commission specifies that for the most sensitive products - poultry meat, eggs and sugar – an "emergency braking" is foreseen, which would stabilize import at the level of average import volumes in 2022 and 2023.

The EC's proposals will be considered by the European Parliament and the Council of the European Union. The aim is to ensure a smooth transition from the current mode of operation of autonomous trade measures to the new one by the time the current regimes expire on June 5, 2024 for Ukraine.

More details: https://cutt.ly/1wZ9i6ZZ