The European Commission today proposed to suspend for one year import duties on all Ukrainian exports to the European Union.
The proposal, which is an unprecedented gesture of support for a country at war, would also see the suspension for one year of all EU anti-dumping and safeguard measures in place on Ukrainian steel exports.
This far-reaching step is designed to help boost Ukraine’s exports to the EU. It will help alleviate the difficult situation of Ukrainian producers and exporters in the face of Russia’s invasion.
European Commission President Ursula von der Leyen said the decision followed her talks with Ukrainian President Volodymyr Zelenskyy on the need for a quick and broad suspension of import duties to stimulate the Ukrainian economy.
“The EU has never before delivered such trade liberalisation measures, which are unprecedented in their scale: granting Ukraine zero tariff, zero quota access to the EU market,” said European Commission Executive Vice-President and Commissioner for Trade Valdis Dombrovskis. “Since the start of Russia’s aggression, the EU has prioritised the importance of keeping Ukraine’s economy going – which is crucial both to help it win this war and to get back on its feet post-war. These measures will directly help Ukrainian producers and exporters. They will inject confidence into the Ukrainian economy and send a strong signal that the EU will do whatever it takes to help Ukraine in its hour of need.”
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