The decision complements the opportunities that Ukrainian exporters have under the Association Agreement between Ukraine and the European Union
On 4 June 2022, Regulation №2022 / 870 on temporary trade liberalization measures enters into force for the European Parliament and of the Council.
The decision was published on 3 June 2022 in the Official Journal of the EU and enters into force on the day following its publication. The decision complements the opportunities that Ukrainian exporters have under the Association Agreement between Ukraine and the European Union
Suspended for one year:
duties on industrial products;
application of the input price system for fruits and vegetables;
tariff quotas for agricultural products;
antidumping duties on imports of goods of Ukrainian origin;
application of global protective measures against goods of Ukrainian origin.
Liberalization of trade relations implies that Ukraine will adhere to European rules:
origin of goods and related procedures under the Association Agreement;
refraining from any new restrictions on imports from the EU;
Ukraine's respect for democratic principles, human rights and fundamental freedoms, the rule of law, and the fight against corruption.
The European Union is Ukraine's largest trading partner. In 2021, the EU accounted for 39% of Ukraine's total trade. Turnover increased by 35% to $ 62.5 billion. Ukraine exports to the European Union, primarily ferrous metals, ores, electric machines, oil and grain.