Trade liberalization is carried out to support the economy of our state

The European Parliament’s Committee on International Trade has approved the suspension of EU import duties on Ukrainian products for a year to support Ukraine’s economy, according to the European Parliament’s website.

Deputies of the Committee on International Trade approved the proposal of the European Commission on temporary liberalization of trade in Ukrainian products due to Russia’s aggression, which prevented Ukraine from continuing business with the rest of the world. The approved provisions include the complete suspension of import duties on industrial goods, the system of entry prices for fruit and vegetables, as well as anti-dumping duties and safeguards on steel imports for one year.

The draft text of the Committee on International Trade was adopted by 38 votes to 1, with 3 abstentions.

“The brutal and arbitrary war waged by the Kremlin is aimed at reducing Ukraine’s ability to continue trade. However, the EU can take steps to revive bilateral trade relations, and it will. The abolition of customs duties and the opening of the European market will allow us to strengthen Ukraine’s ability to trade in goods and agricultural products, “said Latvian MEP Sandra Kalniete.

According to her, this decision is not only symbolic, but also shows the firmness of the EU’s political commitments to Ukraine.

“Through these unprecedented trade liberalization measures, we seek to help Ukraine maintain its trade position with the rest of the world. When we say that Ukraine is not alone in this struggle, this is what we really mean, “Kalniete said.

The document is due to be put to a vote by the entire European Parliament on 19 May and will enter into force on the day following its publication in the Official Journal of the EU.

Source: https://investory.news/