The European Commission has proposed to suspend for a year all import duties on all Ukrainian exports to the European Union. This was announced by the Prime Minister of Ukraine Denys Shmyhal.
"The EU has never before taken such large-scale trade liberalization measures against any country. This opens up additional opportunities for our business, and our products are becoming more competitive in the European market, "said Shmyhal.
The government also has arrangements and is negotiating with Poland, Romania, Lithuania, Germany, and other countries to allow Ukrainian exports through these ports.
Bloomberg clarifies that the EU also wants to abolish customs duties on exports from Ukraine of steel, industrial goods, and agricultural products, which are not yet covered by the Association Agreement between Ukraine and the EU.
- On April 26, the United Kingdom announced that it would abolish tariffs on all goods from Ukraine to help the Ukrainian economy. The move will boost Ukrainian businesses involved in key exports, including barley, honey, canned tomatoes and poultry. Currently, the average duty on Ukrainian imports is about 22%.