Home » today » Business » EU: Getting ready tariffs on eggs and sugar for Ukraine – 2024-06-30 23:16:16

EU: Getting ready tariffs on eggs and sugar for Ukraine – 2024-06-30 23:16:16

The EU is about to reimpose tariffs on Ukraine’s sugar and egg imports from Friday 7/28, in keeping with the Monetary Occasions, utilizing an “emergency brake” designed to appease protesting farmers throughout the bloc. earlier this 12 months. The transfer comes simply two days after the bloc opened accession talks with Kiev.

In line with the FT, tariffs of €89 per tonne on Ukrainian oats had been reinstated final week and can final till June 2025, with an identical resolution on eggs and sugar anticipated on Friday.

The EU has began accession negotiations

The reimposition of tariffs underscores how tough Kiev’s accession negotiations can be.

Ukraine is an agricultural powerhouse that may produce meals extra cheaply than EU member states and would nonetheless be the principle beneficiary of agricultural subsidies – a place at present held by France.

It’s recalled right here that Brussels agreed to scale back all tariffs and quotas on Ukraine’s meals imports in June 2022, 4 months after Russia invaded the nation, in an effort to enhance Kiev’s revenues and assist provides attain clients within the creating world.

The response of the farmers

However inside months, farmers in Poland, Hungary, Slovakia and different neighboring nations complained that the glut of Ukrainian imports was chopping them out of the market. These nations unilaterally embargoed many merchandise, permitting them to enter just for onward transit, in violation of EU legislation.

EU member states earlier this 12 months prolonged the free commerce regime till 2025, however launched reservations in response to farmers’ protests. The bloc is about to reimpose tariffs on Ukraine’s poultry, eggs, sugar, oats, maize, honey and groats if portions exceed common imports in 2022 and 2023.

Oats have reached that degree, with greater than 6,440 tons imported since January 1.

In line with Taras Kachka, Ukraine’s commerce consultant, the tariffs had been in keeping with the present deal, however that his authorities was in talks with Brussels to enhance them. “The intention is to take away all bilateral boundaries which might be inconsistent with the settlement,” he informed the FT.

SOURCE: ot.gr

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