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Brussels backtracks as trade concessions for Ukraine set to expire

European Commission Spokesperson Announces EU Member States Agree to Reinstate Import Restrictions on Ukrainian Agricultural Products

The European‌ Commission ​has confirmed that EU‌ member states have agreed to reintroduce import restrictions on Ukrainian agricultural goods, according to a⁤ statement⁢ by spokesperson Balázs ‌Ujvári reported by webangah News Agency.

The current tariff-free trade rules between the EU and ukraine are set to expire on June 5.Brussels had initially ​suspended tariffs and quotas on Ukrainian​ farm products following the escalation of conflict in February 2022.

The bloc implemented special regulations called “autonomous​ Trade Measures” (ATMs) designed to facilitate Ukraine’s grain and agricultural exports to global ⁣markets. Though, the influx of low-cost Ukrainian goods into Eastern European countries sparked widespread⁢ protests among local farmers, notably in poland.

The newly ⁤approved‌ transitional measures – passed Thursday morning with majority support from EU members​ – will gradually phase ⁢out ATMs and restore certain trade controls. ⁣Some restrictions⁢ were already ⁢reinstated last year targeting specific commodities like oats, sugar, and eggs.

This selective reimposition follows months ⁤of demonstrations in Poland, Hungary, Slovakia ⁤and other neighboring countries where farmers claimed ⁤they could no longer compete with tariff-exempt⁢ Ukrainian​ goods.

Earlier reports suggested the EU might replace annual ATM renewals with revised restrictions under existing Ukraine-EU ‌trade frameworks like the⁣ Deep ⁣and comprehensive ​Free Trade Area (DCFTA).

Ukrainian ⁤Parliamentary Committee Chairman Dmytro Natalukha told ⁤EURACTIV that ending⁣ ATMs could ⁤cost Kyiv over €3 billion ($3.4 billion) – approximately ‍70% of ​Ukraine’s projected economic growth for this year.

News Sources: ©‌ webangah ‍News Agency, Tasnim News Agency, RIA Novosti
English channel of the webangah news agency on Telegram
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