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
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
Principal
E: ivaysfeld@kpmg.com

Amie Ahanchian
Principal
E: aahanchian@kpmg.com

Christopher Young
Principal
E: christopheryoung@kpmg.com

Gisele Belotto
Principal
E: gbelotto@kpmg.com

George Zaharatos
Principal
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
Principal
E: jlibby@kpmg.com

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