The European Commission proposes the cancelation of customs duties on Ukrainian goods, and the UK has already extended tariff preferences.
The European Commission has proposed the extension of suspended import duties, quotas, and trade protection measures on Ukrainian exports to the EU for another year. At the same time, the European Commission noted that the decision to extend the preferential conditions for Ukrainian goods will take the concerns of EU industry into consideration. Therefore, the updated autonomous trade measures contain an accelerated safeguard mechanism to protect the EU market in case of need. The EC’s proposal has yet to be considered by the European Parliament and the Council of the EU. As well, the British government has already extended Ukraine’s temporary tariff liberalization until the beginning of 2024. “We are talking about all duties and quotas on the import of Ukrainian goods,” said the country’s Minister of International Trade, Nigel Huddleston.