Additional trade preferences the European Union for the increase of quotas on duty-free import of some agricultural commodities and removal of duties on industrial products, will allow Ukraine to more fully realize their export potential. This was announced by Prime Minister Vladimir Groisman.
“The implementation of the agreement on free trade zone – a priority for the Ukrainian government. This is particularly important because the EU is our main trading partner. Extra EU trade preferences give the opportunity to more fully realize the export potential of Ukraine”, – stressed the head of government.
We will remind, Council of the European Union (EU) adopted the decision to provide Ukraine with additional trade preferences.
In particular, established the following annual quotas:
- for honey – 2,5 thousand tons;
- processed tomatoes – 3 thousand tons;
- wheat – 65 thousand tons;
- corn – 625 thousand tons;
- barley – 325 thousand tons.
In Ukraine expect additional trade preferences may come into force in the autumn. According to the Ministry of agrarian policy and food, the economic effect of the adoption by the European Parliament decision to increase the annual quota for duty-free import of Ukrainian agricultural products to EU will be about 196,95 million dollars.