The EU Council adopted a regulation that extends the suspension of all customs duties, quotas, and trade protection measures on Ukrainian exports to the EU for one more year, until June 2024. It is noted that this will help Ukraine maintain trade relations stability with the EU and support its economy during challenging conditions. Combined with extensive military, financial, and humanitarian support, this is critical to helping Ukraine with its long-term recovery.
The suspension of tariffs applies to fruits and vegetables subject to the input price system, as well as to unprocessed and processed agricultural products that are subject to tariff quota restrictions.
Tariffs for industrial goods were suspended for Ukraine as early as January 1, 2023, under the terms of the Association Agreement. Now that the regulation has been adopted, it must be signed by representatives of the Council and the European Parliament.