The Council of the European Union (EU) adopted the decision to provide Ukraine with additional trade preferences. The decision was taken in Brussels at the Council meeting on agriculture and fisheries.
Previously, this decision was approved by the European Parliament. In accordance with the agreements, quotas for tomatoes, wheat, corn, and honey will be increased, but not to the extent as earlier proposed by the European Commission, and the urea of the proposals excluded.
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.
Preferences will be entered for the term up to three years, as a Supplement to the Agreement on deep and comprehensive free trade area.
- See also: Ukraine can no longer be sold in the EU duty-nine types of goods
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.