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Improved EU Trade Rules For Ukraine Enter Into Force

by Ulrika Lomas, Tax-News.com, Brussels

03 October 2017


The EU's new autonomous trade measures for Ukraine entered into force on October 1, and will increase the quantities of agricultural products that Ukraine can export to the EU tariff-free.

The EU-Ukraine Association Agreement (AA), which includes a Deep and Comprehensive Free Trade Area (DCFTA), entered fully into force on September 1. It had been provisionally applied since January 2016.

In July, the European Parliament agreed to the introduction of additional trade concessions which will top up the quantities of agricultural products Ukraine can export to the EU under the AA/DCFTA without paying customs duties and accelerate the elimination of customs tariffs for several industrial products. These measures have now entered into force.

The additional concessions permit the import into the EU of a range of Ukrainian agricultural products within limited zero-tariff quotas. The products listed by the European Parliament include natural honey, barley groats, certain barley and worked grains, oats, and grape juice. The annual additional quota volume of tomatoes will be reduced, as will that for wheat, maize, and barley.

In a joint statement, EU Trade Commissioner Cecilia Malmstrom and Ukraine Trade Representative Nataliya Mykolska said: "This is good news for Ukrainian exporters. Several important agricultural and industrial goods will now get better access to the EU market, as they can be exported tariff-free."

They added: "In terms of agricultural products, Ukraine will have an opportunity to export bigger quantities of wheat, maize, barley, oats and barley groats, and pellets to the EU without customs tariffs. The proposal creates opportunities to export bigger amounts of processed tomatoes, natural honey, and grape juice duty-free to the EU."

"These trade preferences will also benefit industrial sectors, for example Ukrainian producers of footwear, fertilizers, aluminium products, and consumer electronics."

Additional liberalizations for barley, wheat, and maize will start applying as from January 1, 2018.

Trade in goods between the EU and Ukraine increased by 23 percent in the first half of 2017. The EU accounts for around 40 percent of Ukraine's total exports.

TAGS: tax | free trade agreement (FTA) | tariffs | trade treaty | agreements | tax rates | import duty | tax reform | trade | European Union (EU) | Ukraine | Europe

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