EU: Proposed extension of trade benefits for Ukraine
One-year extension of Autonomous Trade Measures
One-year extension of Autonomous Trade Measures
The European Commission (EC) today proposed to renew the suspension of import duties, quotas, and trade defence measures on Ukrainian exports to the European Union—known as the Autonomous Trade Measures—for another year.
Today’s EC release explains that the main objective of the Autonomous Trade Measures is to support Ukraine. However, considering a significant increase in imports of some agricultural products from Ukraine to the EU in 2022, the renewed Autonomous Trade Measures contain an expedited safeguard mechanism to protect the EU market if necessary.
The proposal will now be considered by the European Parliament and the Council of the European Union.
For more information, contact a professional with KPMG’s Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
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