EU agrees on mandate to renew suspension of import duties, quotas on Ukrainian, Moldovan exports

That's according to a statement posted on the website of the European Council, Ukrinform reports.

"The proposal concerning autonomous trade measures for Ukraine aims to renew the suspension of import duties and quotas for another year (from 6 June 2024 to 5 June 2025), while reinforcing protection for sensitive agricultural products, by beefing up the safeguard measures already included in the current regulation (EU) 2023/1077 and including a new automatic safeguard for certain sensitive products," the statement reads.

The proposal concerning autonomous trade measures for Moldova aims to renew the suspension of import duties and quotas for another year (from 25 July 2024 to 24 July 2025), while reinforcing protection for sensitive agricultural products, by beefing up the safeguard measures already included in the current regulation (EU) 2023/1524.

"Russia's unprovoked and unjustified war of aggression against Ukraine continues to have a profound negative impact on Ukraine as well as Moldova. By agreeing to renew these measures, we are showing our steadfast support to Ukraine and Moldova, while protecting the internal market from excessive increases in imports of certain sensitive agricultural products," said Hadja Lahbib, Belgian Minister of Foreign Affairs, European Affairs and Foreign Trade.

According to the statement, by renewing these measures, the EU will continue to support and foster the trade flows from Ukraine to the EU and the rest of the world, and will contribute to establishing the conditions for enhanced economic and trade relations leading towards Ukraine's gradual integration in the EU internal market.

On January 31, 2024, the European Commission (Commissioner for Trade, Valdis Dombrovskis) submitted to the Council the two proposals to renew the suspension of import duties and quotas on Ukrainian and Moldovan exports to the EU for another year.

The Permanent Representatives Committee approved the text of the Commission's proposal without any modifications, with a view to reaching an agreement at first reading with the European Parliament.

The European Parliament's Committee on International Trade (INTA) intends to hold a vote on the proposal at its meeting on March 7, 2024. The European Parliament aims to adopt its position at first reading in one of its plenary sessions in April 2024.

The regulations are then to be adopted by the Council, signed by the representatives of the Council and the European Parliament and published in the Official Journal, before entering into force.