At the end of October, new trade rules between Ukraine and the European Union will come into effect, which foresee a significant expansion of quotas for duty-free exports of certain Ukrainian agricultural products. The changes primarily concern honey, eggs, wheat, and sugar, opening new opportunities for Ukrainian producers in the European market.
This is reported by Business • Media
Main Changes in Quotas for Key Agricultural Products
According to the updated conditions of the free trade area, the quota for honey exports from Ukraine to EU countries will increase more than fivefold — from 6,000 tons to 35,000 tons. The demand for Ukrainian honey in the EU remains high, and even the current import duty of 17% does not deter supplies, as the selling price in the European market covers the additional costs.
Important changes also concern the export of eggs: the quota increases from 6,000 to 18,000 tons. This will allow Ukrainian producers to significantly boost their supply volumes to Europe and strengthen their positions in this market.
Increase in Quotas for Wheat, Flour, and Sugar
The quota for wheat exports from Ukraine to the EU will rise from 1 million tons to 1.3 million tons. A separate category has now been established for wheat flour — Ukraine will be able to export up to 30,000 tons of this product to the EU duty-free. This creates additional prospects for the processing industry and increases the added value of Ukrainian products.
Another significant step has been the increase of the sugar quota from 20,000 to 100,000 tons. At the same time, derivative products that were previously included in the specified limit have been excluded from the quota, allowing for more effective use of the permitted volume specifically for sugar.
“The updated conditions of the free trade area between Ukraine and the EU provide for an increase in quotas for duty-free exports of a number of Ukrainian agricultural products. The largest quotas will increase for exporters of honey, eggs, wheat, and sugar.”
The Ukrainian agricultural sector is gaining new opportunities for export development, which will contribute to strengthening economic ties with EU countries and expanding the geography of supplies.