The European Parliament has approved a package of additional trade concessions for Ukraine, designed to increase trade flows and foster the country’s economic development.
The preferences will be introduced for a period of up to three years as a supplement to the Deep and Comprehensive Free Trade Area (DCFTA) with the European Union. The EU is now offering additional trade concessions in view of Ukraine’s economic difficulties and its efforts to reform. Parliament agreed to permit the import into the EU of a range of Ukrainian agricultural products within limited zero-tariff quotas.
As reported, after negotiations between the European Commission, the Council of the European Union and MEPs the European Parliament’s Committee on International Trade (INTA) proposed to increase quotas on Ukrainian honey by 2,500 tonnes, preserved tomatoes by 3,000 tonnes, grape juice by 500 tonnes, oats by 4,000 tonnes, wheat by 65,000 tonnes, maize by 625,000 tonnes, barley by 325,000 tonnes and groats and pellets of certain cereals by 7,800 tonnes.
