The European Union intends to enhance bilateral trade in agricultural products with Ukraine, as outlined in a new trade agreement. According to European Commissioner for Agriculture Christoph Hansen, the European Commission views the expansion of cooperation in the agricultural sector as a viable and promising direction.
This is reported by Business • Media
New Agreement: Increased Tariff Quotas and Benefits for Both Sides
Under the terms of the updated agreement, which comes into effect on October 29, there will be an increase in the number of tariff quotas for agricultural products. This creates opportunities for trade liberalization for both Ukrainian and European farmers. Christoph Hansen emphasized that the new rules open additional avenues for export and import on both sides. Increased market access and expanded tariff lines are expected to bring significant economic benefits to farming communities in the EU and Ukraine.
“Not only Ukraine’s imports to the EU, but also the EU’s exports to Ukraine. Here we also have the liberalization of many tariff lines, which will bring direct benefits to our farming community,” he stressed, adding: “It is very important to find a balance between providing greater access and economic advantages to Ukrainian producers, while also supporting solidarity with our farming community.”
Ukraine Integrates EU Standards and Gains New Opportunities
In addition to tariff changes, the new agreement includes Ukraine’s commitment to fully align its agricultural production standards with EU requirements by 2028. This will be an important step towards Ukraine’s integration into the European economic space. The new tariff quotas also provide predictability for market participants and allow for the removal of unilateral bans on the import of certain types of Ukrainian agricultural products that had previously been imposed by some EU member states.