Ukraine Council adopts temporary trade preferences

2017/7/17 20:33:24

“The proposal is aimed at improving access for Ukrainian exporters to the EU market, in view of the difficult economic situation and the economic reform efforts undertaken by Ukraine.”

 


From The Council of the European Union:

 

On 17 July 2017, the Council adopted a set of temporary autonomous trade measures in favour of Ukraine. These measures should enter into force by the end of September and will apply for a period of three years.

 

“With today's decision, we are allowing more Ukrainian products to be exported to the EU. It is our duty to support Ukraine and strengthen our economic and political ties, also in the face of the ongoing conflict on its soil.

 

Sven Mikser, Minister for Foreign Affairs of Estonia, which currently holds the Council presidency:

“The proposal is aimed at improving access for Ukrainian exporters to the EU market, in view of the difficult economic situation and the economic reform efforts undertaken by Ukraine.”

 

It adds to trade provisions already introduced under an EU-Ukraine association agreement that have been provisionally applied since 1 January 2016 and that will formally enter into force on 1 September 2017.

 

Today's decision is the final step necessary to formally adopt the regulation. The European Parliament adopted the text on 4 July. The text should be published and enter into force shortly after the signature of the text by the co-legislators during the EP's plenary session in September.

 

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